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, Jul 20 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9900 | 0.9800 | 0.9700 | Bullish | Bearish | Bearish | ||
| Claudiu Cazacu | 0.9985 | 0.9725 | 0.9540 | Bullish | Bearish | Bearish | ||
| Gavin Grier-Rees | 1.0220 | 1.1170 | 1.1000 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 0.9900 | 0.9400 | 0.9600 | Bullish | Bearish | Bearish | ||
| ICN.com analysis team | 0.9600 | 0.9950 | 1.0125 | Bearish | Bullish | Bullish | ||
| Ilian Yotov | 0.9800 | 1.0000 | 1.0000 | Bearish | Bullish | Bullish | ||
| Joshua Martinez | 0.9715 | 0.9300 | 0.9207 | Bearish | Bearish | Bearish | ||
| Malik Khan | 0.9950 | 0.9400 | 1.0625 | Bullish | Bearish | Bullish | ||
| Mauricio Carrillo | 0.9950 | 0.9700 | 1.0000 | Bullish | Bearish | Bullish | ||
| Valeria Bednarik | 0.9890 | 1.0000 | 1.0100 | Sideways | Bullish | Bullish | ||
| Yohay Elam | 0.9800 | 1.0100 | 0.9500 | Bearish | Bullish | Bearish | ||
| Average | 0.9883 | 0.9868 | 0.9945 | Sideways | Sideways | Sideways | ||
Breaching 0.9880 would cancel one week bearishness. A daily close below 0.9400 will delay one month one quarter bullishness
With the SNB committed to keeping its currency weak, the USD could revisit recent highs, and possibly even the parity level, as long as the U.S. economy improves and the Fed refrains from announcing QE3.
In the USDCHF daily time frame, the market is showing the old sub D extension hit and I am expecting a sizable bearish retracement.
If deflationary pressures intensify over the coming months, the SNB will likely opt to raise the currency floor.
The peg continues
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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.
Whilst the SNB defend the 1.2000 EUR CHF floor for now, once the single currency breaks apart they will inevitably abandon it.