Analysis for July 23rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The indicators are in the grey zone; there is a Fade bar on the MFI, but might be a strong Squat one too. I’m keeping my sell order; a protective stop is in the black, close to the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. A bullish fractal may reach the Alligator’s jaw (blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my order with a protective stop below the Alligator’s lips (green line).
At the H1 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. AO and AC indicators are in the red zone; there is a Squat bar on the MFI. After a bearish fractal reaches the Alligator’s teeth, the price is expected to start moving upwards.
RoboForex Analytical Department