Bill Williams’ Indicators Analysis 05.05.2014 (USD/CAD, NZD/USD)

Analysis for May 5^th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is moving downwards. We can see divergence with AO, indicators are in green zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line).



At H1 chart of USD CAD, Alligator is moving upwards. Indicators are in green zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.

NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator reversed northwards. Price is forming bullish fractal; AO and AC are in green zone; there is be Squat bar on the MFI. Bearish fractal may reach Alligator’s teeth, and then I expect breakout of fractals to the upside.



At H1 chart of NZD USD, Alligator is moving upwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s teeth, and then I expect slight breakout of fractal to the upside.



 
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