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 24 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9550 | 0.9450 | 0.9750 | Bearish | Bearish | Bullish | ||
| Bijoy Kar | 0.9450 | 0.9700 | 1.0100 | Bearish | Bullish | Bullish | ||
| Danske Research EmergingMarkets Team | - | 0.9600 | 0.9400 | Sideways | Sideways | Bearish | ||
| Gonçalo Moreira, CMT | 0.9600 | 0.9450 | 0.9600 | Sideways | Bearish | Sideways | ||
| Gregor Horvat | 0.9600 | 0.9750 | 1.0000 | Sideways | Bullish | Bullish | ||
| ICN.com analysis team | 0.9655 | 0.9655 | 1.0125 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 0.9750 | 1.0000 | 1.0000 | Bullish | Bullish | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | 0.9816 | 0.9825 | Sideways | Bullish | Bullish | ||
| Ross Yamashita | 0.9500 | 0.9200 | 0.9000 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.0200 | Sideways | Sideways | Bullish | ||
| TD Securities Research Team | - | - | 0.9800 | Sideways | Sideways | Bullish | ||
| Valeria Bednarik | 0.9520 | 0.9480 | 0.9840 | Bearish | Bearish | Bullish | ||
| Wells Fargo Research Team | - | - | 0.9450 | Sideways | Sideways | Bearish | ||
| Westpac Institutional Bank Team | - | 0.9800 | 0.9700 | Sideways | Bullish | Sideways | ||
| Yohay Elam | 0.9400 | 0.9800 | 0.9200 | Bearish | Bullish | Bearish | ||
| Average | 0.9558 | 0.9642 | 0.9733 | Sideways | Sideways | Bullish | ||
A daily closing below 0.9460 would cancel the bullishness
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.
The peg is much more solid now. USD/CHF will likely follow EUR/USD for the time being. There is now a greater chance that the SNB will lift the peg willingly than a breakup of the peg. In any case, no change is expected soon.
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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.
A three fall is corrective movement, so larger uptrend is expected to continue. Rise back above 0.9700 will be a key break-put for a change in trend.