Analysis for August 21st, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; the angle of angulation is open; AO and AC are in the green zone; there is a Fade bar on the MFI. I opened a buy order; a protective stop is below the teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Green bar on the MFI. After completing a bearish fractal, the price is expected to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. The indicators are in the grey zone, the price is finishing a bearish fractal; there is a Fade bar on the MFI. I opened a sell order; a protective stop is above the teeth.
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 divergence with AO; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s teeth (red line).
RoboForex Analytical Department