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FX.co ★ Graphical technique of Ishimoku: AUD/USD, 16.11.2010

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Forex Analysis:::2010-11-16T08:58:08

Graphical technique of Ishimoku: AUD/USD, 16.11.2010

H4

Yesterday's trading session on the Australian dollar market took place in a sideward range. Despite that the day started from a sharp movement the bears did not manage to cut the rate below 0.9815. However, the bulls also nestled against the resistance - Senkou Span B holds its positions and does not let the bulls go inside the Ishimoku cloud.

Meanwhile, the general situation on the market has already started changing in favour of bears - Anticipatory lines (1, 2) crossed and in near time the character of the Cloud. At this moment the recovery is interfered by the Rotation line (3) which strictly down-directed. If it is broken through upwards then during today's session a price upturn is possible to the Standard line (4), but then the downtrend will continue. If the bulls have no enough force for entering the Tenkan-Kijun channel (3,4) then the lowering can be continued from the current levels.

Graphical technique of Ishimoku: AUD/USD, 16.11.2010

H1

A sidehead existence on the market is clearly seen at the time graphs - аll indicator lines are directed horizontally (1, 2, 3, 4). Amid this the bulls are trying to break through inward the Ishimoku indicator from the downside. Amid this the support is obtained only from the "Golden Cross" (5) formed yesterday formed by Tenkan and Kijun lines, as Chinkou Span crossed the candlestick graph in a sideward direction.

Possibly, the bull-spirited players will take one more shot to the revival, but bearing in mind the bears force such variant is low probable. Very much so that the downward tendency will be extended from the current levels.

Вполне возможно, что нисходящий тренд будет продолжен прямо с нынешних уровней.

Graphical technique of Ishimoku: AUD/USD, 16.11.2010

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