Analysis for July 29th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is above the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the green zone; the price is forming a bearish fractal; there is a Fade bar on the MFI. The price is expected to fall down a little bit towards Take Profit.
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 and AC are in the grey zone; there is a Squat bar on the MFI. I expect the price to move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The indicators are near the balance line; the price is forming a bearish fractal; there is a Squat bar on the MFI. The fractal may break the Alligator’s jaw (blue line); the price is expected to move upwards.
RoboForex Analytical Department