Bill Williams’ Indicators Analysis 22.07.2013 (USD/CAD, NZD/USD)

Analysis for July 22^nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The price is forming a bearish fractal; the indicators are in the red zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my sell order; a protective stop is close to the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO is in the red zone, AC is near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. A bullish fractal may reach the Alligator’s jaw (blue line).

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. The price is forming a bullish fractal; AO and AC are in the red zone; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my buy order with a protective stop below the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. AO and AC indicators are very close to the balance line; there is a Squat bar on the MFI. A bearish fractal may break the Alligator’s jaw.



 
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