Analysis for August 30th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price is finishing a new bearish fractal, which may reach the Alligator’s teeth; AO and AC is in the grey zone; there is a Fade bar on the MFI. I expect the price to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. I expect the price to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator continues moving downwards. There is still a divergence with AO; the indicators are in the green zone; there is a Squat bar on the MFI. After completing a bullish fractal, the pair is expected to move downwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the grey zone; the price is finishing a bullish fractal; there is a Green bar on the MFI. I expect the pair to move downwards.
RoboForex Analytical Department