Bill Williams’ Indicators Analysis 16.08.2013 (USD/CAD, NZD/USD)

16.08.2013

Analysis for August 16th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth downwards again. The price is forming a bullish fractal; AO and AC are in the red zone, very close to the balance line; there is a Fade bar on the MFI. I opened one more sell order; a protective stop is above the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator is slowly moving downwards. The indicators are in the grey zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s jaw (Blue line).



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC indicators are in the green zone; the price is finishing a bearish fractal; there is a Fade bar on the MFI. I’m keeping my buy order with a protective stop below the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is also moving upwards. The indicators are in the grey zone; there is a Squat bar on the MFI. A bearish fractal may reach the Alligator’s jaw (blue line); the price is expected to move upwards.



 
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