2013 saw the AUDUSD currency pair plummeting over 1,600 pips. Will bears continue stomping into 2014? We think so. The chart below paints the AUDUSD MT4 daily chart, using Ichimoku analysis, with 3 moving averages plotted over the chart.
Technical indicators used on this graph suggest a good number of bearish proponents:
It looks like clear skies ahead for the bears with no kumo shadows behind prices. Prices will remain in bearish territory unless the 5 period EMA crosses above the 20 period EMA, prices go above the 52 period EMA, and prices break above the Kumo cloud.
Created by streetpips | Jan 19, 2015
Created by streetpips | Jan 04, 2015
Created by streetpips | Dec 14, 2014