Analysis for July 24th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is sleeping near D Alligator’s teeth. Indicators are in green zone; there are no Squat bars on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
At H1 chart of USD CAD, Alligator is still sleeping. AO and AC are in red zone; there might be Squat bar on the MFI. Pair is expected to form two fractals equidistant from Alligator’s mouth.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving downwards. AO and AC are in red zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s lips (green line), and then I expect breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator woke up and right now is moving southwards. AO and AC are in green zone; angulation is open; there is Squat bar on the MFI. After bullish fractal near Alligator’s lips, I expect breakout of fractals to the downside.
RoboForex Analytical Department