Analysis for May 31st, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is changing direction. The price forming a bearish fractal; AO and AC indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. I’m keeping my sell order with the target below a bearish fractal; a protective stop is above the Alligator.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. The fractal may reach the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I expect the price to break a bullish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is still sleeping. AO and AC indicator are very close to the balance line; there is a Fade bar on the MFI. After the price forms equidistant fractals, the Alligator may start opening its mouth upwards.
RoboForex Analytical Department