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

   By Tatiana Norkina, FBS analyst

The currency pair updated highs, recovering to the levels around 0.9211. However, the bulls failed to hold at these highs. By evening, the pair dipped to the 0.9190 zone.

Ichimoku indicator. During this corrective decline Tenkan and Kijun formed a Dead Cross on H1, the bearish character of which was confirmed today. In fact, trading has been going on inside the Cloud, which can make the market to correct to 0.9170/0.9175.

On H4 prices are within Tenkan-Kijun channel. Here is also a level of 0.9170, which could become a target for short sellers.

After the end of correction appreciation of the currency pair will likely resume.

Technical levels: support - 0.9170, 0.9185; resistance - 0.9200, 0.9230.

Trading recommendations:

1. Buy - 0.9170; SL - 0.9150; TP1 - 0.9230.

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