Bill Williams’ Indicators Analysis 29.07.2013 (USD/CAD, NZD/USD)

29.07.2013

Analysis for July 29th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is above the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the green zone; the price is forming a bearish fractal; there is a Fade bar on the MFI. The price is expected to fall down a little bit towards Take Profit.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. I expect the price to move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The indicators are near the balance line; the price is forming a bearish fractal; there is a Squat bar on the MFI. The fractal may break the Alligator’s jaw (blue line); the price is expected to move upwards.



 
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