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 recomendation for USD/CHF

  Tatyana Norkina, FBS analyst

The USD growth has also impacted the USD/CHF pair. On Tuesday the exchange rate rose to 0.9140, moving above the 0.9120 resistance.

Ichimoku. The bullish trend is clearly gaining strength: the H4 Ichimoku has formed a golden cross. The indicator lines are headed upwards, what confirms the bullish market sentiment. The hourly timeframe also looks bullish: active golden cross and growing Ichimoku.

At the same time, we see a resistance at 0.9145/0.9150. Before extending growth we expect the pair to retrace to 0.9120, so we recommend buying USD/CHF on dips. 

Technical levels: support – 0.9100, 0.9120; resistance – 0.9145, 0.9170.

Trade recommendation:

1. Buy — 0.9120; SL — 0.9100; TP1 — 0.9145; TP2 — 0.9170.

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