Analysis for June 28th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The indicators are near the balance line; there is a Green bar on the MFI and might be a Squat one too. I’m planning to open one more sell order as soon as the price completes a bullish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the green zone, very close to the balance line; there is a Fade bar on the MFI. In the future, the pair is expected to move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The 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’m keeping my buy order; a protective stop is below the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is also sleeping. AO is near the balance line, AC is in the red zone; there is a Fade bar on the MFI; the price is forming a bullish fractal. I expect the pair to start growing up.
RoboForex Analytical Department