Analysis for July 16th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving upwards. All the indicators are in grey zone. Squat bar is possible on the MFI. After the bearish fractal, I expect the breakout of fractals to the upside towards D Alligator’s jaw.
At H1 chart of USD CAD, Alligator is moving upwards, the southward fractal is building. All the indicators are in red zone. Squat bar is possible on the MFI. I expect a slight breakout of fractals to the upside.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at H4 chart of NZD USD, Alligator is moving downwards, angulation is open. AO and AC are in red zone. The southward fractal is building. There is Squat bar on the MFI. After bullish fractal, I expect the breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator is moving downwards, fractal to the downside is completed. AO and AC are in green zone. Fade bar is on the MFI and Squat bar is possible. After bullish fractal, I expect a slight breakout of fractals to the downside.
RoboForex Analytical Department