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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 (May 16)

Tatiana Norkina, FBS analyst

Daily. Bullish sentiment pushed the pair up into the positive zone. Consolidation at the upper border of the Cloud was short-lived, the pair is now on the way to the new highs. As a result, the pair formed a new 3-month high, recovering to 0.8960. However, by the end of the week the market retraced lower to the 0.8900 figure. Ichimoku indicator is bullish these days. 

Chart. Daily USD/CHF

H4. The Cloud is also bullish on this timeframe. Ichimoku is widening, while Tenkan and Kijun lines formed a golden cross earlier in the week. However, the overbought market conditions limit the upside. Prices slipped below the lines later in the week - fix below could cause a deeper correction to the lover border of the Cloud.

Chart. H4 USD/CHF

CHF
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