Analysis for June 14th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the zero line; there is a Squat bar on the MFI. I’m keeping my order; a protective stop is close to the Alligator’s jaw (blue line).
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AC is in the red zone, AO is near the balance line; there is a Green bar on the MFI and might be a Squat one too. After completing bullish and bearish fractals, the pair is expected to fall down towards Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. I opened a buy order with a protective stop below the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is also moving upwards. AO and AC are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. I expect the price to start growing up.
RoboForex Analytical Department