Analysis for September 9th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a new bearish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. After completing the bearish fractal, I expect the angle of angulation to close; a bullish fractal may reach the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI and might be a Squat one too. The price is expected to fall down a bit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the red zone, AC is near the balance line; there is a Fade bar on the MFI. A bearish fractal may reach the Alligator’s teeth (red line).
At the H1 chart of the NZD/USD currency pair, the Alligator closing its mouth. The indicators are in the green zone; there is a Fade bar on the MFI. The price is expected to break the Alligator’s mouth downwards.
RoboForex Analytical Department