Article By RoboForex.com
Analysis for May 20th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is going to sleep; D Alligator is still moving southwards. Indicators are in green zone; price is forming bullish fractal; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is reversing upwards. AO is in red zone, AC is near balance line; there is Squat bar on the MFI. After two equidistant fractals, I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is opening its mouth downwards. AO and AC are in red zone; there is Fade bar on the MFI and might be Squat one too. Bearish fractal may reach D Alligator’s teeth, and then I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is moving southwards. AO and AC are in grey zone; there is Green bar on the MFI and no Squat ones. Bullish fractal may reach Alligator’s jaw, and then I expect breakout of fractals to the downside.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
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.
