Analysis for July 17th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I placed a pending sell order with the target below bearish fractal; a protective stop is above the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and no Squat ones. After completing a bullish fractal, the price is expected to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth upwards. The indicators are in the red zone, very close to the balance line; the price is forming a bearish fractal; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my buy order with a protective stop below the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The indicators are in the red zone, AO is very close to the balance line; there is a Squat bar on the MFI. After completing a bearish fractal, the price is expected to start growing up.
RoboForex Analytical Department