Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
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| USDCHF | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, May 24 2013, 17:00 GMT | |||||||
| Adam Narczewski | 0.9700 | 0.9950 | 1.0000 | Bullish | Bullish | Bullish | ||
| Alberto Muñoz,PhD | 0.9400 | 0.9000 | 0.8500 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 0.9503 | 0.9327 | 0.9276 | Bearish | Bearish | Bearish | ||
| ANZ FX Strategy Team | - | - | 0.9300 | - | - | Bearish | ||
| BoA FX, Rates and Commodities Team | - | 0.9800 | - | - | Bullish | - | ||
| Claudiu Cazacu | 0.9530 | 0.9870 | 1.0020 | Bearish | Bullish | Bullish | ||
| Danske Research Team | - | 0.9600 | 0.9700 | - | Sideways | Sideways | ||
| Dr. S. Sivaraman | 0.9932 | 1.0323 | - | Bullish | Bullish | - | ||
| Goldman Sachs Global Investment Research | - | - | 0.9300 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 0.9500 | 0.9300 | 0.9400 | Bearish | Bearish | Bearish | ||
| Gus Farrow | 0.9800 | 0.9600 | - | Bullish | Sideways | - | ||
| HSBC Global Research Team | - | 0.9600 | 0.9800 | - | Sideways | Bullish | ||
| ICN.com analysis team | 0.9540 | 0.9540 | 0.9865 | Bearish | Sideways | Bullish | ||
| Ilian Yotov | 1.0000 | 0.9750 | 0.9500 | Bullish | Bullish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | 0.9200 | - | - | Bearish | - | ||
| Luc Luyet, CMT, CIIA | 0.9700 | 0.9800 | 0.9950 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 0.9500 | 0.9800 | 0.9300 | Bearish | Bullish | Bearish | ||
| NAB Global Markets Research | - | 0.9700 | - | - | Bullish | - | ||
| Rabobank Financial Markets Research Team | - | 0.9600 | 0.9700 | - | Sideways | Sideways | ||
| RBS Team | - | 0.9840 | 1.0000 | - | Bullish | Bullish | ||
| Ross Yamashita | 0.9800 | 0.9700 | 1.1000 | Bullish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 0.9500 | - | - | Bearish | ||
| TD Securities Research Team | - | 0.9300 | 0.9600 | - | Bearish | Sideways | ||
| UBS FX Research Team | - | 0.9500 | 0.9900 | - | Bearish | Bullish | ||
| UniCredit Research | - | 0.9700 | 0.9700 | - | Bullish | Sideways | ||
| Valeria Bednarik | 0.9780 | 0.9880 | 1.0000 | Bullish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9800 | - | - | Bullish | - | ||
| Yohay Elam | 0.9600 | 0.9700 | 0.9700 | Sideways | Bullish | Sideways | ||
| Average | 0.9663 | 0.9647 | 0.9682 | Bullish | Sideways | Sideways | ||
swing and rise moves are to continue
Breaching 0.9785 with a daily close above it would cancel 1 week bearishness.
We've been anticipating that the pair could start moving when the Fed or the SNB change the course of their existing monetary policies. The USD is benefiting from expectations that the Fed could take its first step towards monetary policy tightening sooner rather than later.
The Swiss franc slid on the dollar surge but suddenly remembered it is a safe haven currency. Big moves could continue. but probably around current levels.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
The usdchf continue to trade in a relatively tight range. between 0.9258 to the downside and 0.9550 to the upside. and is making any further progress to the upside extremely difficult. The key for this pair is now patience and wait for the consolidation to unwind.