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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.

USD/CHF: Ichimoku analysis (Mar. 14)

Tatiana Norkina, FBS analyst

Daily. USD/CHF keeps on hitting fresh lows. This week the exchange rate lowered to 0.8700, but the pair formed a daily reversal candle on Thursday. Given the overbought market conditions, the pair is likely to correct towards Tenkan and Kijun lines in the near term. The bearish trend remains in place, however. 

Chart. Daily USD/CHF

H4. The pair recovered to Tenkan and Kijun lines after a test of the 0.8700 round figure. However, the overall trend remains descending. The dead cross (С) is still active, while the Cloud itself is bearish. It would be hard for the buyers to fix above Tenkan and Kijun. .

ChartH4 USD/CHF

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

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