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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

  Tatyana Norkina, FBS analyst

Bulls stayed below the strong 0.9190/0.9200 area on Wednesday. The pair retraced into the support area 0.9140 intraday.

Ichimoku. This is a clear corrective move. In the recent weeks the exchange rate jumped higher, so the bears have to play back at least a part of this growth. 

On the H4 chart the price dipped below the Tenkan and Kijun lines. If a short-term bearish cross is built, we'll expect to see the price at 0.9100 very soon.

The hourly chart also reflects the bearish success: dead cross and a narrow descending Cloud. The pair trades below the H1 Ichimoku. If bears fix below the Cloud, we'll get an additional selling signal. 

Technical levels: support – 0.9100, 0.9120; resistance – 0.9140, 0.9155.

Trade recommendation:

1. Sell — 0.9140; SL — 0.9160; TP1 — 0.9120; TP2 — 0.9100.

CHF
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