Bill Williams’ Indicators Analysis 21.05.2013 (USD/CAD, NZD/USD)

Analysis for May 21^st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards, but closing its mouth slowly. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. I’m keeping my buy order; a protective stop is below the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator closed its mouth. The angle of angulation is closed; AO and AC indicators are in the green zone; there is a Fade bar on the MFI. I’m keeping my buy order with the target above a bullish fractal; Take Profit is at the level of 1.0350.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I’m staying out of the market until the price forms a bullish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC indicators are in the red zone. Most likely, the Alligator’s jaw will stop a bearish fractal.



 
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