Analysis for December 4th, 2013
USD/CAD
At H4 chart of USD/CAD, Alligator is moving northwards. Price is forming bullish fractal; AO is in green zone; there might be Squat bar on the MFI. I expect slight breakout of fractals to the upside.
At H1 chart of USD/CAD, Alligator continues moving upwards. Indicators are in green zone; there is Squat bar on the MFI. I expect breakout of fractals to the upside.
NZD/USD
At H4 chart of NZD/USD, Alligator is reversing upwards. Price is forming bullish fractal; indicators are in green zone; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.
At H1 chart of NZD/USD, Alligator is moving northwards. Angulation is open; AO and AC are in grey zone; there is Green bar on the MFI and might be Squat one too. Bearish fractal may reach Alligator’s teeth (red line) and then I expect slight breakout of fractals to the upside.
RoboForex Analytical Department