Analysis for July 8th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I opened a buy order; a protective stop is below the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator woke up and started moving upwards. AO and AC indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. A bearish fractal may break the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is in the black.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI and might be a Squat one too. The bullish fractal may reach the Alligator’s jaw (blue line).
RoboForex Analytical Department