Analysis for August 28th, 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; AO is near the balance line, AC is in the grey zone; there is a Fade bar on the MFI. I expect the price to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the green zone; there is a Green bar on the MFI. I expect the price to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator continues moving downwards. AO is in the green zone, AC is near the balance lien; the price is forming a bullish fractal; there is a Fade bar on the MFI. There is a divergence with AO, that’s why I’m moving my protective stop closer to 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 red zone; the price is finishing a bearish fractal; there are two Squat bars on the MFI. I expect the pair to move downwards.
RoboForex Analytical Department