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/BSF

Tatiana Norkina, an analyst at FBS

Sharp strengthening of the US currency strongly influenced the technical picture in the currency markets. Thus, the pair USD/CHF soared by more than a figure yesterday. Moreover, the growth rate continued this morning as well - the bulls are testing resistance 0.9575.

Ichimoku index. On the 1-hour timeframe, all the lines of the indicator turned up, clearly indicating the current trend. However, Chinkou Span shows overbought market. We can not exclude further consolidation at this level or correction to 0.9535.

At the same time, the main purpose of bulls on 4-hour timeframe is at the level of 0.9600.

Technical levels: Support - 0.9525 / 35; resistance - 0.9575, 0.9600.

Trading recommendations:

1. Buy - 0.9535; SL - 0.9515; TP1 - 0.9575; TP2 - 0.9600.

2. Sell - 0.9600; SL - 0.9620; TP1 - 0.9535.


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