Analysis for May 22nd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is slowing down. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order; a protective stop is below the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is still sleeping. AO and AC indicators are near the balance line, but there is a Squat bar on the MFI. I’m keeping my buy order with the target above a bullish fractal; Take Profit is at the level of 1.0350.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth and is sleeping right now. The price is forming a bullish fractal; AO and AC indicators are near the zero line; there are two Squat bars on the MFI. I opened a sell order; a protective Stop Loss is above the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicators are in the grey zone; there are two Squat bars on the MFI. I opened a sell order with the target below a bearish fractal.
RoboForex Analytical Department