Analysis for September 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The indicators are in the green zone; the angulation is closed; there is a Squat bar on the MFI. I expect the price to form a bullish fractal and break the Alligator’s mouth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the green zone, AC is near the balance line; there is a Fade bar on the MFI. I expect the price to form two equidistant fractals and then move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the grey zone; the angulation is closing; there is a Squat bar on the MFI. The price is expected to form a correction up to the Alligator’s jaw (blue line).
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC are in the red zone; there is a Fade bar on the MFI. I expect the price to move downwards and break the Alligator’s mouth.
RoboForex Analytical Department