Analysis for June 13th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my order; a protective stop is close to the Alligator’s jaw (blue line).
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. After completing bullish and bearish fractals, the pair is expected to break a bearish one.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; the indicators are in the red zone; AO is near the balance line; there might be a Squat bar on the MFI. I opened a buy order with a protective stop below the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping again. The angle of angulation is closed; the price is forming a bullish fractal; AO and AC are near the balance line, in the green zone; there is a Green bar on the MFI and might be a Squat one too. I expect the price to break the Alligator’s mouth upwards.
RoboForex Analytical Department