Bill Williams’ Indicators Analysis 09.10.2013 (USD/CAD, NZD/USD)

Analysis for October 9^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The angle of angulation is open; the price is completing a bullish fractal; the indicators are in the green zone; there are no Squat bars on the MFI. I expect the price to move upwards a little bit.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The angulation is weak; the price is forming a bullish fractal; the indicators are in the red zone; we can see a divergence with AO; there is a Green bar on the MFI. I expect the price to form a bearish fractal and then move upwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. AO is near the balance line, AC is in the red zone; there are no Squat bars on the MFI. I expect the price to form two equidistant fractals (a bearish and bullish ones) and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI. I expect the price to move downwards a little bit.



 
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