Analysis for December 2nd, 2013
USD/CAD
At H4 chart of USD/CAD, Alligator is still moving northwards. Price is forming bullish fractal; AO is in green zone, AC is near balance line; there is Green bar on the MFI and might be Squat one too. I expect breakout of fractals to the upside.
At H1 chart of USD/CAD, Alligator is also moving upwards. Indicators are in green zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s lips (green line).
NZD/USD
At H4 chart of NZD/USD, Alligator is still moving southwards, but is slowly closing its mouth. Price is forming bearish fractal; we can see divergence with AO; indicators are in green zone; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.
At H1 chart of NZD/USD, Alligator is sleeping. AO and AC are in red zone; there is Squat bar on the MFI. After equidistant bearish fractal, I expect breakout of fractals to the upside.
RoboForex Analytical Department