Analysis for July 4th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards, but staring to close its mouth. The price is forming a bullish fractal; AO and AC are in the red zone; there is a Green bar on the MFI and might be a Squat one too. 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 moving upwards. AO and AC indicators are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. A protective stop is placed below bearish fractals.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. AO is near the balance line, AC is in the green zone; the price is forming a bullish fractal; there is a Green bar on the MFI and might be a Squat one too. I’m planning to open one more sell order as soon as the price completes the bullish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator made a reverse upwards. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI. A bearish fractal may break the Alligator’s jaw.
RoboForex Analytical Department