Bill Williams’ Indicators Analysis 16.07.2013 (USD/CAD, NZD/USD)

Analysis for July 16^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; the angle of angulation is closed; AO and AC indicators are in the grey zone; there are Squat bars on the MFI. I expect the price to start falling down.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; the indicators are in the red zone; there is a Fade bar on the MFI and no Squat ones. After completing a bullish fractal, the price is expected to start moving downwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. The indicators are in the green zone, very close to the balance line; the price is forming a bullish fractal; there is a Squat bar on the MFI. 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 making a reverse upwards. 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 bullish and bearish fractals, the price is expected to start growing up.



 
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