Bill Williams’ Indicators Analysis 06.08.2013 (USD/CAD, NZD/USD)

06.08.2013

Analysis for August 6th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The angle of angulation is closing; the price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. A new bearish fractal may reach the Alligator’s jaw (blue line); I’m staying out of the market.



At the H1 chart of the USD/CAD currency pair, the Alligator made a reverse downwards, but its mouth is still closed. The indicators are in the green zone; the price is finishing a bullish fractal; there is a Squat bar on the MFI. I expect the price to start moving downwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator closing its mouth. The angle of angulation is closing; the price is finishing a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI. The bullish fractal may reach the Alligator’s jaw; I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the green zone, AC is very close to the balance line; there is a Squat bar on the MFI. The price is expected to move upwards.



 
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