Analysis for July 31st, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. We can see a divergence with AO; the indicators are in the green zone; there are Squat bars on the MFI. I opened a buy order; a protective stop is below the Alligator’s lips (green line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. There is Saucer signal on AO, which is in the green zone, AC is near the balance line; there is a Green bar on the MFI. A bearish fractal may reach the Alligator’s teeth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth and is making a reverse downwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my sell order; a protective stop is above the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving 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