Article By RoboForex.com
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Indicators are in grey zone; there is Fade bar on the MFI and no Squat ones. Bullish fractal may reach Alligator’s teeth (red line), and then I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is sleeping. Indicators are in grey zone; there is Squat bar on the MFI. I expect slight breakout of fractals to the upside.
At H4 chart of NZD USD, Alligator is moving upwards. Price is forming bearish fractal; AO and AC are in red zone; we can see divergence with AO; there is Green bar on the MFI and no Squat ones. Bearish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in red zone; there is Green bar on the MFI and might be Squat one too. I expect breakout of fractals to the downside.
RoboForex Analytical Department
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.