Bill Williams’ Indicators Analysis 29.05.2013 (USD/CAD, NZD/USD)
29.05.2013
Analysis for May 29th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is going to sleep. The price forming a bullish fractal; AO and AC indicators are in the green zone; there are no Squat bars on the MFI. The price may reach Take Profit; a protective stop is near the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price forming a bullish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. After completing a bearish fractal, the price may start forming a new bullish one to reach Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price forming a bearish fractal; AO and AC indicators are in the green zone; there might be a Squat bar on the MFI. I placed a pending sell order with the target below bearish fractals.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO indicator is near the balance line; there might be a Squat bar on the MFI. I’m expecting the price to break a bearish fractal.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.