Bill Williams’ Indicators Analysis 17.02.2014 (USD/CAD, NZD/USD)
17.02.2014
Analysis for February 17th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Price is finishing bullish fractal; indicators are in green zone; 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.
At H1 chart of USD CAD, Alligator almost closed its mouth. Indicators are in grey zone; price is forming bullish fractal; there is Fade bar on the MFI and no Squat ones. I expect slight breakout of fractals to the upside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving upwards. Price is forming bearish fractal; AO and AC are in red zone; there might be Squat bar on the MFI. Bearish fractal may reach Alligator’s teeth (red line) and then I expect slight breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is also moving upwards. AO and AC are in green zone; price is forming bullish fractal; there are no Squat bars on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
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