Analysis for May 30th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price forming a bearish fractal; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I’m staying out of the market until the price completes the fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth downwards. The price forming a bearish fractal; the indicators are in the grey zone; there might be a Squat bar on the MFI. There is a signal, Saucer, on AO.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price forming a bullish fractal; AO and AC indicators are in the red zone; there might be a Squat bar on the MFI. I’m staying out of the market until the price completes the fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicator are very close to the balance line; there is a Fade bar on the MFI. I’m expecting the price to break a bullish fractal.
RoboForex Analytical Department