Analysis for May 15th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouthy upwards. The price is completing a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m planning to open more buy orders as soon as the price finishes a bearish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards again. The angle of angulation is open; AO and AC indicators are in the green zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I’m planning to open a buy order as soon as the pair reaches the Alligator’s lips.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. There is a signal on AO, inverted Saucer; the angle of angulation is closing; the price is completing a bearish fractal; the indicators are in the red zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I placed a limit sell order with a protective stop near the lips.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I opened a sell order with the target below a bearish fractal; a protective stop is above the Alligator’s teeth.
RoboForex Analytical Department