Analysis for November 29th, 2013
USD/CAD
At H4 chart of USD/CAD, Alligator is still moving northwards. Price is forming bearish fractal; AO and AC are in red zone; there is Squat bar on the MFI. I expect breakout of fractals to the upside.
At H1 chart of USD/CAD, Alligator is going to sleep. Indicators are in green zone; there might be Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line)
NZD/USD
At H4 chart of NZD/USD, Alligator is still moving southwards. Indicators are in grey zone; there is Green bar on the MFI. I expect breakout of fractals to the downside.
At H1 chart of NZD/USD, Alligator is opening its mouth downwards. AO and AC are in red zone; there is Green bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s teeth (red line).
RoboForex Analytical Department