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Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

EUR/USD: Ichimoku analysis (Feb. 28)

By Tatyana Norkina, FBS analyst

Daily. The long consolidation of the pair above $1.3700 has unexpectedly ended by its break down, to the upper limit of the Ichimoku Cloud in the $1.3650 area. Nevertheless, this hasn’t dampened the enthusiasm of the short-term bulls who still aim for further recovery. In particular, they supported by the golden cross. At the same time, the nature of the Ichimoku Cloud remains bearish.

Chart. Daily EUR/USD

H4. At H4 the pair slid inside the Ichimoku Cloud breaking through the support of its upper boundary from the third attempt. The short-term trend became bearish. Tenkan and Kijun crossed forming a dead cross. However, the Cloud remains bullish, although its range narrowed because of the decline in Senkou Span A. The pair may keep declining towards the bottom of the Cloud.

 

Chart. H4 EUR/USD

EUR
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