Bill Williams’ Indicators Analysis 11.07.2013 (USD/CAD, NZD/USD)
11.07.2013
Analysis for July 11th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator made a quick reverse downwards. The price is forming a bearish fractal; the angle of angulation is open; AO and AC indicators are in the red zone; there are Squat bars on the MFI. I’m keeping my sell order; a protective stop is in the black.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC indicators are in the red zone; there is a Fade bar on the MFI and might be a Squat one too. A bullish fractal may reach the Alligator’s lips.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; AO and AC are in the green zone; there is a Squat bar on the MFI. I expect the price to start moving upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angle of angulation is closing; the price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. After completing the bearish fractal, the price is expected to start growing up.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.