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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.

FBS: trade recommendation for USD/CHF

Tatiana Norkina, FBS analyst

As a result of the last week’s corrective decline the pair tested important support level of 0.9040, and then the whole day yesterday bulls tried to regain the lost ground. But resistance at 0.9070 prevented them from succeeding.

Ichimoku indicator.
This powerful level was formed by Tenkan and Kijun on H4. Note almost in this area a dead cross was formed, which eventually confirmed the market’s desire to correct lower.

On H1 near this mark one can also observe the accumulation of the important indicator lines. Note that the horizontal upper boundary of the Cloud twice held bulls. The return of the prices under the Cloud will threaten to intensify the short-term downtrend. In this case we will expect a continuation of corrective decline to 0.9000.

Technical levels: support - 0.9000, 0.9040, 0.9060; resistance - 0.9070, 0.9095 / 0.9100.

Trading recommendations:

1. Sell - 0.9060; SL - 0.9085; TP1 - 0.9040; TP2 - 0.9005.

 

CHF
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