Analysis for August 2nd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price broke the Alligator’s jaw (blue line) upwards; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m staying out of the market until the price completes a bearish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The indicators are in the red zone; there is a Fade bar on the MFI. After closing the angle of angulation, the price is expected to start moving upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. I’m keeping my sell order; a protective stop is near the Alligator’s teeth (red line).
At the H1 chart of the NZD/USD currency pair, the Alligator is slowly moving downwards. The indicators are in the red zone again; there is a Squat bar on the MFI. The price is expected to break bearish fractals again.
RoboForex Analytical Department