Analysis for October 23rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bullish fractal; AO and AC are in the green zone; the angle of angulation is closed; there is a Green bar on the MFI and might be a Squat one too. The bullish fractal may break the Alligator’s jaw.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. AO and AC are in the green zone; there are no Squat bars on the MFI. The price is expected to complete a bullish fractal; a bearish fractal may reach the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its lips (green line). The indicators are in the red zone; there is a Green bar on the MFI. A bullish fractal nay reach the Alligator’s teeth (red line).
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price formed a bearish fractal; AO and AC are in the grey zone; there might be a Squat bar on the MFI. A bullish fractal may reach the Alligator’s teeth.
RoboForex Analytical Department