Bill Williams’ Indicators Analysis 08.11.2013 (USD/CAD, NZD/USD)

Analysis for November 8^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in green zone, AO is near balance line; the price is forming a bullish fractal; there might be a Squat bar on the MFI. After bullish fractal, I expect slight breakout of fractals to the downside.



At the H1 chart of the USD/CAD currency pair, divergence forced the Alligator to reverse upwards. AO and AC are in grey zone; there might be a Squat bar on the MFI. I expect slight breakout of fractals to the upside.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in red zone; there might be a Squat bar on the MFI. Bearish fractal may reach the Alligator’s jaw (blue line) and then I expect breakout of fractals to the upside.



At the H1 chart of the NZD/USD currency pair, the Alligator is reversing downwards. AO and AC are in grey zone; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of the Alligator’s mouth upwards.



 
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