Analysis for July 3rd, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is losing its momentum and reversing northwards. Indicators are in green zone, we can still see divergence with AO; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.
At H1 chart of USD CAD, Alligator is moving upwards. AO is in red zone, AC is near balance line; there is Squat bar on the MFI. After bearish fractal, I expect new breakout of fractals to the upside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is sleeping. AC is in green zone, AO is near balance line; there is Squat bar on the MFI. I expect slight breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in grey zone; there is Fade bar on the MFI and might be Squat one too. I expect breakout of fractals to the upside.
RoboForex Analytical Department