Analysis for June 26th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is starting to close its mouth. The angle of angulation is closing; the price is forming a bullish fractal; AO and AC indicators are in the red zone; there are Squat bars on the MFI. I opened a sell order; a protective stop is above bullish fractals.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the red zone; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bullish fractal; the indicators are in the green zone; there is a Fade bar on the MFI and might be a Squat one too. The bearish fractal may reach Take Profit, but I’ve decided to place a pending buy order above the bullish fractals in case the price start moving upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is still sleeping. AO and AC indicators are near the balance line; there is a Fade bar on the MFI. After waking up, the Alligator may continue moving downwards.
RoboForex Analytical Department