Analysis for August 12th, 2013
USD/CAD
At the H4 chart of the USD/CAD 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 a sell order with a protective stop above the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The angle of angulation is closed; AO and AC are in the green zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. The price is finishing a bearish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. The price is expected to start moving upwards again.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. AO and AC are in the red zone; there is a Green bar on the MFI. A bearish fractal may break the Alligator’s jaw.
RoboForex Analytical Department