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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.

USDCHF: weekly review (21/11)

 Tatiana Norkina, FBS analyst

Daily. A very interesting situation was brewing for this currency pair last week. The rate's correctional decline led to testing of the support level formed by the Kijun-sen and Senkou Span A lines in the 0.9550 area. To its credit, the level withstood, which was quickly taken advantage of by the buyers whose interest is yet being heated by the positive nature of the cloud. That is, the upward trend is still in effect.

MACD and RSI have also begun to recover. Therefore, let us expect growth up to the November highs in the near future.

Chart. Daily USD/CHF

H4. On the 4-hour lines, the currency pair was supported by the lower cloud border. By the end of the week, they have returned to the market and resumed buying, which caused the prices to leave the cloud zone for the positive area. It is obvious to be quite a good sign to conquer the recent highs soon. The cloud is changing to bullish again; Tenkan and Kijun are soon to form a golden cross as well.

Let us pay attention to the oscillators which have abruptly turned upwards, supporting the bullish movement.

Chart. H4 USD/CHF

CHF
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