Analysis for July 5th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. Two-sided fractal reached the Alligator’s jaw; AO and AC indicators are near the balance line; there is a Squat bar on the MFI. I expect the pair to start moving upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the red zone; there is a Fade bar on the MFI. I opened one more buy order; a protective stop is placed below the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. The price is forming a bearish fractal; AO and AC indicators are in the red zone, very close to the balance line; there is a Squat bar on the MFI. I opened a sell order; a protective stop is above the bullish fractals.
At the H1 chart of the NZD/USD currency pair, the Alligator closing its mouth. The price is forming a bullish fractal; AO is near the balance line, both indicators are in the grey zone; there is a Green bar on the MFI, but no Squat ones. I expect the pair to start moving downwards.
RoboForex Analytical Department