Analysis for July 25th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth slowly, but still moving downwards. The indicators are in the green zone; there are Squat bars on the MFI. I’m keeping my sell order with the target below bearish fractals; a protective stop is above the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; AO is near the balance line, AC is in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. 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 still moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Squat bar on the MFI. I expect the price to move upwards again. My profitable protective stop worked; right now, I’m staying out of the market.
At the H1 chart of the NZD/USD currency pair, the Alligator is opening its mouth upwards. The indicators are in the green zone; there is a Green bar on the MFI, and might be a Squat one too. The price is expected to move upwards.
RoboForex Analytical Department