Analysis for December 30th, 2013
USD/CAD
At daily chart of USD/CAD, Alligator is moving upwards. Price is forming bullish fractal; indicators are in grey zone, we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. Bearish fractal may reach Alligator’s lips (green line) and then I expect breakout of fractal to the upside.
At H4 chart of USD/CAD, Alligator is moving upwards. AO and AC are in green zone; angulation is open; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
NZD/USD
At daily chart of NZD/USD, Alligator is reversing downwards. Indicators are in grey zone; there is Green bar on the MFI and might be Squat one too. After bullish fractal, I expect breakout of fractals to the downside.
At H4 chart of NZD/USD, Alligator is moving downwards. Indicators are in red zone, we can see divergence with AO; angulation is open; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the downside.
RoboForex Analytical Department