Analysis for December 24th, 2013
USD/CAD
At H4 chart of USD/CAD, Alligator is reversing downwards. Price is completing bullish fractal; AO and AC are in grey zone; there is Squat bar on the MFI. I expect breakout of fractals to the downside.
At H1 chart of USD/CAD, Alligator is closing its lips (green line). Price is forming bullish fractal; AO is near balance line, AC is in red zone; there is Squat bar on the MFI. I expect breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is closing its mouth. AO is in red zone, AC is near balance line; there are no Squat bars on the MFI. I expect slight breakout of fractals to the downside.
At H1 chart of NZD/USD, Alligator is moving upwards. AO is in green zone, AC is near balance line; there is Squat bar on the MFI. Bullish fractal may reach H4 Alligator’s teeth and then I expect slight breakout of fractals to the downside.
RoboForex Analytical Department