AUDUSD MONTHLY Chart Sept 2014 thru now.
@Dark Doofus @HudsonDesign @FullMoonFever and any others
I've re-drawn the trend line for AUDUSD...it's not so easy to join the (high) points.....any suggestions from Chartists are welcome. I joined it with last December...it's imperfect, but good enough. The picture now looks worse than the Post above.
So, it goes from Sept 2014 thru end of 2015 (and to today). All indicators -
lagging (like Moving Averages - it's below all of them, from 9, 50 and 200 periods), and
leading (those on the bottom) confirm it.
There is a trend, it is down, it is getting stronger (the DMI /ADX
purple line), it's not oversold (Stochastics), and the falls are generally on heavier volume than the rises. The last bar is of course the young month of January, which by my figuring is down 2.56% (from end 2015), which is a pretty bad fall after only 3 days.
Not offering opinions, just the facts, ma'am.
Separately, various Index and Commodity Futures quotes (R/T) are on the side...not pretty for NY Wednesday session. I feel that Tuesday's lame comeback was a "rest day" a Dead Cat Bounce from Monday's global rout.. I think ASX traders knew that, as today it fell 1.2%, despite a "positive" NY Tuesday.
Cartoon (re NY Tuesday - JMHO)
