FX.co ★ Ishimoku graphic chart: AUD/USD, 26.11.2010

Н4

Bears on the markets turned out to be stronger and continued the rate downtrend of the Australian dollar against the American one. At 4-hour graphs almost all lines of Indicator were down-directed alerting about further downward motion. Thus, Senkou-span A (1) expands the Kumo diapzon in a downward direction and Tenkan and Kidjun (3,4) came out of neutral condition and followed the bears. The price way out from Tenkan-Kidjun channel (4) means that in the nearest time bearish mood will be dominating on the market.

Н1

The Australian dollar run the yesterday's trading session within the hour cloud. The bulls tried to break through the upper line of the Cloud, but the luck was attended to their opponents: after rather weak trial of recovery the aussie tumbled under the Ishimoku cloud.

Tenkan and Kidjun formed a "dead cross" (5).

At this moment the hour situation remains down-going and here the Ishimoku lines are firmly down-directed (1,2,3,4). Obviously, in the nearest time the downside trend continuation should be expected.