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: is it a correction?

Tatyana Norkina, FBS

Tuesday was a bad day for the USD bulls. The 0.9000 figure remains resilient, disappointing the buyers. The yesterday's price drop below the Ichimoku Cloud will pressure the bullish sentiment.

Ichimoku. One could imagine that a decline to 0.8960 is another chance for buying the pair on dips. However, there is another important point to concider – prices moved into the negative territory on the short and long timeframes. There is a high chance for a long-term bearish correction. Get ready to sell the pair.

Technical levels: support – 0.8910 0.8930, 0.8960; resistance – 0.8970, 0.8990, 0.9000.

Trade signal:

1. Sell — 0.8960; SL — 0.8980; TP1 — 0.8930; TP2 — 0.8910.

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