Bill Williams’ Indicators Analysis 02.09.2013 (USD/CAD, NZD/USD)

Analysis for September 2^nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a new bullish fractal; AO and AC is in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order; the price is expected to move upwards.



At the H1 chart of the USD/CAD currency pair, the Alligator closed its mouth. The price is forming a bullish fractal; the indicators are in the green zone; there is a Fade bar on the MFI. After the Alligator wakes up, I expect the price to move upwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. There is still a divergence with AO; the indicators are in the green zone, AC is near the balance line; there is a Squat bar on the MFI. After completing a bullish fractal, the pair is expected to move downwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is changing its direction and can’t go to sleep. The indicators are in the grey zone; the price is finishing a bullish fractal; there is a Green bar on the MFI. The bullish fractal is unlikely to break the red line at the top of the chart.



 
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