Analysis for July 30th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. We can see a divergence with AO; the price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there are Squat bars 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 hiding its lips (green line). We can see a divergence with AO, both indicators are in the green zone; the price is forming a bullish fractal; there is a Green bar on the MFI. The price is expected to fall down.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The price is forming a bearish fractal; AO and AC are in the red zone; there is a Green bar on the MFI and might be a Squat one too. The price broke the Alligators teeth; I opened a sell order and expect the pair to break the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. The indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. The price is expected to move downwards.
RoboForex Analytical Department