Analysis for August 5th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator made a reverse upwards. The angle of angulation is opened, the price is forming a bearish fractal; 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, but “hiding” its lips (green line). There is a divergence with AO; the indicators are in the red zone; the price is finishing a bearish fractal; there is a Fade bar on the MFI. I expect the price to start moving upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. The angle of angulation is opened; the price is finishing a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is near the Alligator’s lips (green line).
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The indicators are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. The price is expected to complete a bullish fractal near the Alligator’s teeth (red line) and then fall down a little bit towards Take Profit.
RoboForex Analytical Department