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.

FBS: trade recommendation for USD/CHF

Tatyana Norkina, FBS analyst 

The currency pair rebounded to the June highs 0.9035/0.9040. Obviously, at these levels the pair will experience serious resistance. However, the probability of a short-term recovery to the area of ​​0.9060 is rather high.

Ichimoku indicator.
Indeed, on both timeframes the indicator looks quite positive: the action of the Gold Cross and bullish Cloud could trigger a new wave of purchases of the currency pair. But at the level of 0.9060 this attack can be stopped, as there is a strong resistance level, formed earlier this year at the upper boundary of the Cloud on H4 (outside of the area shown at the picture).

At the same time, it’s a big question whether the pair will manage to overcome 0.9040 on H4 as it looks very overbought.

Technical levels: support - 0.9010, 0.9020; resistance - 0.9040, 0.9060.

Trading recommendations:

1. Sell - 0.9040; SL - 0.9065; TP1 - 0.9010; TP2 - 0.8990.

Scroll to top