Analysis for September 24th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is going to sleep. AC and AO are near the balance line; there is a Fade bar on the MFI. I expect the price to form a bearish fractal and then break the Alligator’s jaw upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the red zone, very close to the balance line; there is a Fade bar on the MFI. I expect the price to move upwards a little bit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its lips. AO and AC are in the red zone; there is a Fade bar on the MFI. The price is expected to move downwards.
At the H1 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. AO in in the red zone, AC is near the balance line; there is a Green bar on the MFI. I expect the price to move downwards.
RoboForex Analytical Department