Analysis for May 21st, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is reversing northwards. Indicators are in green zone; price finished bearish fractal above Alligator’s mouth; there is Squat bar on the MFI. Bullish fractal may reach D Alligator’s teeth.
At H1 chart of USD CAD, Alligator is moving upwards. AO and AC are in green zone; there might be Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line).
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving downwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bearish fractal may reach D Alligator’s teeth, and then I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is moving southwards. AO and AC are in grey zone; there are no Squat bars on the MFI. Bullish fractal may reach Alligator’s teeth (red line).
RoboForex Analytical Department