Analysis for September 3rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. AO and AC is in the green zone; there is a Squat bar on the MFI. I’m keeping my buy order; the price is expected to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price is forming a bullish fractal; the indicators are in the red zone; there is a Fade bar on the MFI. A bearish fractal may break the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. There is still a divergence with AO; the indicators are in the grey zone; there is a Squat bar on the MFI. The pair is expected to form an equidistant bearish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the grey zone; the price is finishing a bearish fractal; there is a Fade bar on the MFI. A divergence with AO may force the price to move below the Alligator’s mouth.
RoboForex Analytical Department