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.

USD/CHF: Ichimoku analysis (Mar. 7)

Tatiana Norkina, FBS analyst

Daily. At the beginning of the week USD/CHF corrected towards the Tenkan-sen, returning towards the 0.8900 figure. The bearish market sentiment was confirmed on the next day, when the prices failed to fix inside of the Tenkan-Kijun channel and plummeted towards the past week's lows. Obviously, the downward trend will be continued in the near term. However, the oversold conditions can provoke a consolidation period. 

Chart. Daily USD/CHF

H4. We see that the corrective recovery extended until the pair reached the lower Ichimoku bottom. But in the second half of the week sellers returned to the market and the bearish trend remained in place. There is a high chance of a deeper decline. 

Chart. H4 USD/CHF

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