Bill Williams’ Indicators Analysis 15.05.2013 (USD/CAD, NZD/USD)

15.05.2013

Analysis for May 15th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouthy upwards. The price is completing a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m planning to open more buy orders as soon as the price finishes a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards again. The angle of angulation is open; AO and AC indicators are in the green zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I’m planning to open a buy order as soon as the pair reaches the Alligator’s lips.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. There is a signal on AO, inverted Saucer; the angle of angulation is closing; the price is completing a bearish fractal; the indicators are in the red zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I placed a limit sell order with a protective stop near the lips.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I opened a sell order with the target below a bearish fractal; a protective stop is above the Alligator’s teeth.



 
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