Analysis for May 29th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is going to sleep. The price forming a bullish fractal; AO and AC indicators are in the green zone; there are no Squat bars on the MFI. The price may reach Take Profit; a protective stop is near the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price forming a bullish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. After completing a bearish fractal, the price may start forming a new bullish one to reach Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price forming a bearish fractal; AO and AC indicators are in the green zone; there might be a Squat bar on the MFI. I placed a pending sell order with the target below bearish fractals.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO indicator is near the balance line; there might be a Squat bar on the MFI. I’m expecting the price to break a bearish fractal.
RoboForex Analytical Department