Analysis for September 12th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price finished a bearish fractal; the indicators are in the green zone, AC is very close to the balance line; we can see a divergence with AO; the angle of angulation is weak; there is a Fade bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the grey zone; there is a Green bar on the MFI. I expect the price to fall down a bit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the green zone; the price is formed a bullish fractal; the angulation is weak; there is a Squat bar on the MFI. The price is expected to move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC are in the green zone; the angle of angulation is open; there is a Fade bar on the MFI. I expect the price to break the red line at the top and then fall down towards the Alligator’s jaw (blue line).
RoboForex Analytical Department