Bill Williams’ Indicators Analysis 24.05.2013 (USD/CAD, NZD/USD)

24.05.2013

Analysis for May 24th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is slowly closing its mouth. There is a Fade bar on the MFI; AO and AC indicators are in the grey zone (directed in different directions); the price finished a bearish fractal. I’m keeping my buy order with the target above a bullish fractal; a protective stop is below the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. Divergence made the price move downwards; the indicators are in the grey zone; there is a Fade bar on the MFI, however, there might be a Squat one too. After forming a bearish fractal, the price is expected to break a bullish one towards Take Profit.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is slowing down and closing its mouth. AO and AC indicators are in the grey zone; there are no Squat bars on the MFI. I’m staying out of the market until the price completes a bearish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicators are near the balance line, in the green zone; there is a Squat bar on the MFI. I’m staying out of the market.



 
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