Analysis for June 21th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there are Squat bars on the MFI. I’m keeping a buy order, a protective stop is in the black below the Alligator’s lips (green line).
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; the indicators are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. The bearish fractal may reach the Alligator’s jaw; I expect the price to start moving upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The angle of angulation is closing; the price is forming a bullish fractal; the indicators are in the green zone; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my sell order; a protective stop is above the Alligator’s teeth.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth and going to sleep. AO and AC indicators are in the red zone, very close to the balance line; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to complete a bearish fractal and then move downwards to break the Alligator’s jaw.
RoboForex Analytical Department