Analysis for November 12th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator continues moving upwards. The indicators are in red zone; the price is forming bullish fractal; there is Squat bar on the MFI. Bearish fractal may reach the Alligator’s lips (green line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming bearish fractal; AO is near balance line, AC is in green zone; there might be Squat bar on the MFI. Bearish fractal may reach the Alligator’s jaw (blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator reversed downwards. The indicators are in green zone; there is Squat bar on the MFI. Bullish fractal may reach the Alligator’s teeth (red line) and then I expect breakout of fractals to the downside.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC are in green zone; there might be Squat bar on the MFI. Bullish fractal may reach the Alligator’s jaw (blue line).
RoboForex Analytical Department