• Home >
• News >
• Analysts >

• Send
• Print
• Add To

SWISS FRANC ANALYSTS COMMENTS

Reuters - "After the bailout, the main thing is the risk appetite so the franc is weaker. The fears about a global recession have retreated a bit."

Global Forex Trading Ltd - "Dollar/Swiss surged to the highest levels since the start of 2009 and my model remains long. The Swissy should catch up with the rest of the European lot, so its weakness is limited on a relative basis. Initial resistance comes at 1.1260. Above 1.1360 there is a pivot high at 1.1605. Initial support is pegged at 1.1090. This is followed by 1.1010. Distant support is at 1.0935."

Reuters - "At this stage market consensus comes to the conclusion that the three main currency drivers, i.e. the economic rationale, the technical outlook and the flows are aligned for a lower euro-franc. We only partially agree. The economic rationale and flow arguments appear to be on somewhat shaky ground."

Global Forex Trading Ltd - "Dollar/Swiss climbed to a new eight-month high and formed another possible bearish reversal pattern. Take profit only on a confirmation, as the medium-term outlook remains positive. My model is long. Again, after some early profit taking, the upmove should resume. Initial resistance comes at 1.1175. The next level is 1.1270. Distant resistance looms at 1.1360. Immediate support is pegged at 1.1055. This is followed by 1.1010, 1.0950 and 1.0890. Distant support remains at 1.0725."

Reuters - "The franc is rising because the market is speculating on early ECB rate cuts and risk aversion is generally increasing due to the gloomier economic outlook for Europe. If you look at the early indicators, the euro zone is doing considerably worse than Switzerland."

Global Forex Trading Ltd - "Dollar/Swiss reached a fresh eight-month high on Wednesday before giving up all of its gains. It formed a possible bearish reversal pattern and is overbought, but take profit only on a confirmation. The medium-term outlook remains positive – and so does my model. Again, after some early profit taking, the upmove should resume. Initial resistance comes at 1.1140. The next levels are 1.1170 and 1.1270. Distant resistance looms at 1.1360. Immediate support is pegged at 1.1035. This is followed by 1.1010, 1.0950 and 1.0890. Distant support remains at 1.0725."

ForexCycle.com - "USDCHF is forming a sideways consolidation in a range between 1.0842 and 1.1084. Pullback to retest 1.0842 medium term key support would more likely be seen in a couple of days, and a break down below this level will indicate that the rise from 1.0010 (July 15 low) has completed, and then deeper decline is expected to 1.0650 level. As long as 1.0842 support holds, we’d expect up trend to resume, and and further rise is expected to 1.1200 zone."

Global Forex Trading Ltd - "Dollar/Swiss consolidated near the high price of the uptrend. The medium-term outlook remains positive. Initial resistance comes at 1.1046. Two pivot highs are pegged at 1.1086 and 1.1106. Next level is 1.1184. Initial support is pegged at 1.0950. This is followed by 1.0885. Below 1.0844, support remains at 1.0725."

Reuters - "The SNB has applied the policy of a steady hand so far. They will not overreact and will not prepare markets for a rate cut now."

Reuters - "The SNB gathers soon with the Libor target set to remain unchanged at 2.75 percent but only just, given a raft of ... economic data that show a change in temperature for the Swiss economy."