Analysis for November 5st, 2013
USD/CAD
Alligator on H4 chart on USD/CAD isn’t moving, AO and AC are located in the green area during rising fractal, MFI can show descending bar. I expect breakout of fractals to the downside.
On hourly chart of USD/CAD Alligator reverses to the upside, northern fractal is completing, AO and AC are in the gray zone, MFI can show us descending bar. Descending fractal can slightly break out jaw of Alligator (blue line).
NZD/USD
On H4 chart Alligator is sleeping on NZD/USD, AO and AC are in the red zone while descending fractal is building, MFI can show us descending bar. I expect breakout of fractals to the upside.
On hourly chart of NZD/USD, Alligator is sleeping, AO and AC are in the gray zone, MFI shows descending bar. After slight breakout of fractals to the downside I expect breakout of higher fractals.
RoboForex Analytical Department