Analysis for October 11th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The angle of angulation is closing; the price is completing a bullish fractal; the indicators are in the grey zone; there are Squat bars on the MFI. I expect the price to move downwards.
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 Fade bar on the MFI. I expect the price to move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. AO is near the balance line, AC is in the green zone; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal near the Alligator’s mouth and then move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC are in the grey zone; there are no Squat bars on the MFI. A bearish fractal may reach the Alligator’s jaw.
RoboForex Analytical Department