Analysis for June 3rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price forming a bearish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. I’m keeping my pending sell order with the target below a bearish fractal; a protective stop is above the Alligator.
At the H1 chart of the USD/CAD currency pair, the Alligator is also sleeping. The price forming a bearish fractal; the indicators are in the red zone; there are no Squat bars on the MFI. A bullish fractal may reach the Alligator’s lips.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator opened it mouth downwards again. The price forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. A bullish fractal may reach the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The angle of angulation is closing; the price forming a bullish fractal; AO and AC indicators are in the green zone; there is a Green bar on the MFI. Most likely, a bullish fractal will be stopped by the Alligator’s teeth.
RoboForex Analytical Department