Analysis for January 27th, 2014
USD/CAD
At H4 chart of USD/CAD, Alligator closed its mouth. Angulation is closed; indicators 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 reversed downwards. Angulation is closed; indicators are in grey zone, AC is near balance line; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is moving downwards. Indicators are in green zone; price is forming bullish fractal; there might be Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
At H1 chart of NZD/USD, Alligator is also moving downwards. Indicators are in green zone; there might be Squat bar on the MFI. Bullish fractal may break Alligator’s jaw.
RoboForex Analytical Department