Analysis for May 27th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is slowing down. The price forming a bullish fractal; AO and AC indicators are in the red zone; there might be a Squat bar on the MFI; I’m keeping my buy order; a protective stop is below the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is near the balance line; AC is in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order with the target above a bullish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price forming a bullish fractal; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I’m staying out of the market until the price completes a bullish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the green zone; there is a Green bar on the MFI and might be a Squat one too.
RoboForex Analytical Department