Bill Williams’ Indicators Analysis 10.06.2013 (USD/CAD, NZD/USD)

10.06.2013

Analysis for June 10th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my order; a protective stop is close to the Alligator’s teeth; Take Profit is below bearish fractals.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the green zone; there might be a Squat bar on the MF. I expect the price to reach Take Profit after completing a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price formed a bearish fractal; the angle of angulation is open; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. A new bullish fractal may break the Alligator’s mouth again.



At the H1 chart of the NZD/USD currency pair, the Alligator is also moving downwards. The price is finishing a bullish fractal; AC is near the balance line; there is a Squat bar on the MFI. I’m staying out of the market until the price forms a bearish fractal.



 
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