Analysis for August 8th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; AO and AC are in the red zone; there is a Green bar on the MFI and might be a Squat one too. I’m keeping a buy order with a protective stop below the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth a little bit. The price is forming a bullish fractal; AO and AC are in the red zone; there is a Fade bar on the MFI, but might be a Squat one too. A bearish fractal may break the Alligator’s jaw (blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse upwards. The price is finishing a bullish fractal; AO and AC indicators are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. The price is expected to start moving upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; there is a divergence with AO, which is in the green zone, AC is near the balance line; there is a Green bar on the MFI. The price is expected to move upwards.
RoboForex Analytical Department