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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.

USD / CHF: weekly review (05/12)

Tatiana Norkina, analyst at FBS

Currency pair has reached new heights during last week. Two-month breakdown of resistance in the 97th figure area was accompanied by testing of new levels in the 98th figure area. However, excessive overbought does not allow the bulls to unfold fully. Just after updating of extremums there followed sharp depreciation to support area of Tenkan and Kijun lines. The candle chart showed formation of "bearish engulfing" at the same time. Consolidation above 0.9700 will be considered as a signal for the resumption of the uptrend.

Chart. Daily USD/CHF

 

H4. Currency pair finally fixed above the Ichimoku cloud at four-hour lines but by the end of the week there happened depreciation to Tenkan and Kijun lines, which keep the pair above the mentioned figure. The situation is positive, the pair may consolidate at current levels and continue to grow thereafter.

 

Chart. H4 USD/CHF

CHF
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