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, Aug 10 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9650 | 0.9500 | 0.9800 | Bearish | Bearish | Sideways | ||
| Alexander Chepurkó | 0.9660 | 0.9570 | 0.9665 | Bearish | Bearish | Sideways | ||
| Ani Salama | 0.9850 | 0.9900 | 1.0000 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 0.9529 | 0.8993 | 0.9192 | Bearish | Bearish | Bearish | ||
| Claudiu Cazacu | 0.9740 | 0.9830 | 0.9640 | Sideways | Bullish | Bearish | ||
| Danske Research Team | - | - | 0.9700 | Sideways | Sideways | Sideways | ||
| Gonçalo Moreira, CMT | 0.9600 | 0.9400 | 0.9600 | Bearish | Bearish | Bearish | ||
| Gregor Horvat | 0.9900 | 1.0000 | 0.9600 | Bullish | Bullish | Bearish | ||
| ICN.com analysis team | 0.9570 | 0.9950 | 1.0125 | Bearish | Bullish | Bullish | ||
| Ilian Yotov | 0.9750 | 1.0000 | 1.0000 | Sideways | Bullish | Bullish | ||
| Joshua Martinez | 0.9500 | 0.9300 | 0.9900 | Bearish | Bearish | Bullish | ||
| Mauricio Carrillo | 0.9650 | 0.9450 | 0.9850 | Bearish | Bearish | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.0000 | 0.9800 | - | Bullish | Sideways | ||
| RBS Team | - | - | 0.9600 | Sideways | Sideways | Bearish | ||
| TD Securities Research Team | - | - | 0.9800 | Sideways | Sideways | Sideways | ||
| UBS FX Research Team | - | 1.0000 | 1.0000 | Sideways | Bullish | Bullish | ||
| UniCredit Research | - | - | 1.0000 | Sideways | Sideways | Bullish | ||
| Valeria Bednarik | 0.9890 | 0.9930 | 1.0100 | Bullish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9700 | - | Sideways | Sideways | Sideways | ||
| Yohay Elam | 0.9800 | 0.9900 | 0.9500 | Bullish | Bullish | Bearish | ||
| Average | 0.9699 | 0.9714 | 0.9783 | Bearish | Sideways | Sideways | ||
Prices should extend to parity in weeks ahead after only three wave set-back from July 24. Keep an eye on trend-line break @0.9830 for bullish signal.
A daily close above 0.9775 would cancel the week's bearishness, while breaching 0.9655 will confirm it
As long as the U.S. economy improves and the Fed refrains from announcing QE3, the USD should revisit the parity level against the CHF.
USDCHF daily-time frame is showing a bearish crown.
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.
Having been grinding higher the usdchf now appears to have run into solid resistance at parity and we can expect to see a move lower in due course, possibly even to re-test the 0.90 level of earlier this year where a strong platform of support has already been established.