Analysis for September 4th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. AO and AC is in the grey zone; there is a Squat bar on the MFI. The price is expected to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; the indicators are in the red zone; we can see Saucer signal on AO; there is a Fade bar on the MFI. The price is expected to move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal, the indicators are entering the green zone; there is still a divergence with AO; there is a Squat bar on the MFI. The pair is expected to form an equidistant bullish fractal and then start moving downwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angle of angulation is open; the indicators are in the green zone; the price is finishing a bullish fractal; there is a Green bar on the MFI. The price is expected to move upwards.
RoboForex Analytical Department