Analysis for July 12th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; the angle of angulation is open; AO is in the red zone, AC is near the balance line; there is a Squat bar on the MFI. I’m keeping my sell order.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. After completing a bullish fractal, the price is expected to fall down towards Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is finishing a bearish fractal; AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI and might be a Squat one too. I opened a buy order with a protective stop below the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is also sleeping. The price is forming a bearish fractal; AO and AC indicators are in the green zone, close to the balance line; there is a Fade bar on the MFI. After completing the bearish fractal, the price is expected to start growing up.
RoboForex Analytical Department