Analysis for August 6th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The angle of angulation is closing; the price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. A new bearish fractal may reach the Alligator’s jaw (blue line); I’m staying out of the market.
At the H1 chart of the USD/CAD currency pair, the Alligator made a reverse downwards, but its mouth is still closed. The indicators are in the green zone; the price is finishing a bullish fractal; there is a Squat bar on the MFI. I expect the price to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closing its mouth. The angle of angulation is closing; the price is finishing a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI. The bullish fractal may reach the Alligator’s jaw; I’m staying out of the market.
At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the green zone, AC is very close to the balance line; there is a Squat bar on the MFI. The price is expected to move upwards.
RoboForex Analytical Department