Analysis for June 23th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USDCAD, Alligator is moving downwards; AO and AC are in red zone, squat bar has appeared on MFI. I expect that fractals should be broken out to the downside.
At H1 chart of USDCAD, Alligator is moving downwards, Angulation is opened, AO and AC are in gray zone, squat bar on MFI is in place. Bullish fractal can reach teeth line (red one) of the Alligator, after that I except breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZDUSD (as well as D), Alligator is heading to the upside, indicators are in gray zone, divergence between AO remains present, squat bar on MFI is in place. Bearish fractal can reach teeth line on Alligator (H4), then I expect breakout of fractals to the upside.
At H1 chart of NZDUSD, Alligator is taking test, AO and AC are in green zone, squat bar can appear on MFI. I expect breakout of fractals to the upside.
RoboForex Analytical Department