Analysis for December 12th, 2013
USD/CAD
At H4 chart of USD/CAD, Alligator reversed downwards. Indicators are in green zone; there are no Squat bars on the MFI. I expect breakout of fractals to the downside.
At H1 chart of USD/CAD, Alligator is moving southwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is opening its mouth. Price is finishing bearish fractal; AO and AC are in red zone; there is Squat bar on the MFI. After completing bearish fractal, price is expected to grow up.
At H1 chart of NZD/USD, Alligator is moving downwards. AO and AC are in grey zone; there are no Squat bars on the MFI. I expect sideways correction.
RoboForex Analytical Department