Bill Williams’ Indicators Analysis 23.05.2013 (USD/CAD, NZD/USD)

Analysis for May 23^rd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The angle of angulation is open; there are no Squat bars on the MFI; AO and AC indicators are in the grey zone. I’m staying out of the market until the price forms a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is going to sleep. There is a divergence with AO; the indicators are in the grey zone; the price is forming fractals, which are equidistant from each other; there is a Fade bar on the MFI. I’m staying out of the market.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. A bearish fractal has been broken; the angle of angulation is open; AO and AC indicators are in the red zone; there are is a Fade bar on the MFI. I I’m keeping my opened a sell order; a protective Stop Loss is above the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a new bearish fractal; AO and AC indicators are in the green zone; there might be a Squat bar on the MFI. A protective stop at this timeframe is placed above the Alligator.



 
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