Analysis for June 30th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. We can see divergence; AO is in green zone, AC is near balance line; there might be Squat bar on the MFI. I expect slight breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is still moving downwards. AO and AC are in grey zone; there is Fade bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, after a short pause, Alligator is moving upwards. However, AO and AC are in red zone; there is Squat bar on the MFI. I expect slight breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is going to sleep. AO and AC are in grey zone; there is Fade bar on the MFI and might be Squat one too. Bearish fractal may be completed below Alligator’s mouth, and then I expect breakout of fractals to the upside.
RoboForex Analytical Department