Analysis for September 6th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is making a reverse downwards. The price is forming a new bearish fractal; AO is in the red zone, AC is near the balance line; there is a Fade bar on the MFI. After completing the bearish fractal, the price is expected to form a new bullish one, which may reach the Alligator’s mouth.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; the indicators are in the grey zone; there is a divergence with AO; there is a Fade bar on the MFI, but no Squat ones. The price is expected to fall down.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI. The pair is expected to rebound from the Alligator’s teeth (red line) while forming a fractal and the move upwards a little bit.
At the H1 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Green bar on the MFI. The price is expected to break the Alligator’s mouth upwards.
RoboForex Analytical Department