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 (Mar. 14)

Tatiana Norkina, FBS analyst

Daily. This week EUR/USD strengthened to a new a yearly high of $1.3970. Bulls failed to push higher as the market has been overbought. As a result, by the end of the week the price corrected towards the Tenkan-sen line that formed support in the $1.3830 area. Bullish trend remains active, there is a golden cross (С), the Cloud is bullish.

Chart. Daily EUR/USD

H4. The H4 Ichimoku also looks positive, but the prices broke below the Tenkan and Kijun support because of the bearish correction at the end of the week. Tenkan and Kijun lines formed a golden cross (С). As a result, the pair approached the upper boarder of the bullish cloud. Next week the pair may consolidate above the Senkou Span A.

Chart. H4 EUR/USD

To contact the writer of this story: Tatiana Norkinaanalytics@fxbazooka.com

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