Analysis for September 11th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is finishing a bullish fractal; the indicators are in the green zone; the angle of angulation is weak; there is a Squat bar on the MFI. A bullish fractal may reach the Alligator’s lips (green line).
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bullish fractal; AC is in the green zone, AO is near the balance line; there is a Green bar on the MFI. The bullish fractal may break the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the red zone; the price is forming a bearish fractal; the angulation is weak; there is a Fade bar on the MFI and might be a Squat one too. The price is expected to rebound from the Alligator’s lips (green line).
At the H1 chart of the NZD/USD currency pair, the Alligator sleeping. AC is in the green zone, AO is near the balance line; there is a Green bar on the MFI. The bearish fractal may reach the Alligator’s jaw (blue line).
RoboForex Analytical Department