Bill Williams’ Indicators Analysis 01.07.2013 (USD/CAD, NZD/USD)

Analysis for July 1^st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are near the balance line; there is a Fade bar on the MFI and might be a Squat one too. I’m staying out of the market; a bearish fractal may support the Alligator’s jaw (blue line).



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 Green bar on the MFI. In the future, the pair is expected to move downwards, but it’s unlikely to reverse the Alligator.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards again. The indicators are in the grey zone; the price is forming a bullish fractal; there is a Fade bar on the MFI. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. After the pair breaks bullish fractals, the Alligator may continue moving downwards.



 
RoboForex Analytical Department