Analysis for August 13th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is finishing a bullish fractal; AO and AC are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my sell order.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the grey zone; there is a Fade bar on the MFI. A bullish fractal may break the Alligator’s closed mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. A bearish fractal may reach the Alligator’s jaw (blue line).
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC are in the green zone; there is a Green bar on the MFI. I expect the price to move downwards a little bit and then continue growing up.
RoboForex Analytical Department