Analysis for April 29th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The angle of angulation is open; the indicators are in the red zone; the price is forming a bullish fractal. I’m staying out of the market.
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the green zone; the angle of angulation is open; there is a Fade bar on the MFI. After the price forms a bullish fractal, I’m planning to open a sell order with the target below a bearish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing is mouth. The angle of angulation closed; the indicators are in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order opened.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price completed a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my buy order opened; the target is above bullish fractals.
RoboForex Analytical Department