Analysis for June 5th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price formed a bullish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. I’m keeping my sell order; a protective stop is above a bullish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is continues changing its direction, right now it’s closing its mouth again. The price is finishing a bullish fractal; the indicators are in the grey zone; there is a Green bar on the MFI, no Squat ones. I expect the price to break a bearish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicators are in the grey zone; there is a Green bar on the MFI, but might be a Squat one too. In the future the Alligator is expected to make a reverse upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; the indicators are near zero line; there is a Green bar on the MFI, no Squat ones. After forming a bearish fractal, the pair may start moving upwards.
RoboForex Analytical Department