Analysis for May 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price completed a bullish fractal; AO and AC indicators are in the red zone; there are no Squat bars on the MFI. I’m planning to open a buy order as soon as the price finishes a bearish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth and going to sleep. The angle of angulation is closed; AO and AC indicators are in the grey zone; There is a Fade bar on the MFI; the price finished a bearish fractal. I’m planning to open a buy order as soon as the pair reaches the Alligator’s teeth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards, but may go to sleep quite soon. The angle of angulation is closing; the price is completing a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m keeping my pending sell order with a protective stop above the lips.
At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth and right now is sleeping. AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m keeping my pending sell order.
RoboForex Analytical Department