Analysis for July 19th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; the indicators are in the red zone; there is a Fade bar on the MFI, but might be a Squat one too. I opened a sell order; a protective stop is above the Alligator’s mouth.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards again. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. After completing a bullish fractal, the price is expected to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. We can see Saucer signal on AO, which is in the green zone, AC is near the balance line; the price is finishing a bullish fractal; there is a Green bar on the MFI and might be a Squat one too. I’m keeping my buy order with a protective stop below the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator started moving upwards. AO and AC indicators are in the green zone; there is a Green bar on the MFI and might be a Squat one too. After completing a bearish fractal, the price is expected to start growing up.
RoboForex Analytical Department