Bill Williams’ Indicators Analysis 23.05.2014 (USD/CAD, NZD/USD)
23.05.2014
Analysis for May 23rd, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is sleeping. AC is in red zone, AO is very close to balance line; price finished bearish fractal; there is Squat bar on the MFI. Bullish fractal may reach D Alligator’s teeth.
At H1 chart of USD CAD, Alligator reversed southwards. AO and AC are in grey zone; there is Green bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving downwards and reached D Alligator’s jaw. AO is in green zone, AC is near balance line; there is Fade bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s teeth (red line), and then I expect breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator is sleeping. AO and AC are very close to balance line; there are no Squat bars on the MFI. After two equidistant fractals, I expect breakout of fractals to the downside.
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