Analysis for August 1st, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The Alligator’s jaw (blue line) prevented the price from finishing a bullish fractal; there is still a divergence with AO; the indicators are in the red zone, AO is near the balance line; there is a Fade bar on the MFI. I’m staying out of the market until the indicators aren’t in the green zone.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the grey zone, AO is near the balance line; there is a Green bar on the MFI and might be a Squat one too. I expect the price to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. The price is forming 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; a protective stop has been move closer to the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is slowly moving downwards. The indicators are in the red zone again; there is a Green bar on the MFI and might be a Squat one too. The price may start moving downwards.
RoboForex Analytical Department