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.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| USDCHF | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Aug 31 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9500 | 0.9460 | 0.9750 | Bearish | Bearish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | 1.0200 | 1.0600 | - | Bullish | Bullish | ||
| Claudiu Cazacu | 0.9520 | 0.9690 | 0.9710 | Sideways | Bullish | Bullish | ||
| Danske Research Team | - | 0.9400 | - | Sideways | Bearish | Sideways | ||
| GFM Research Private Limited | 0.9670 | 0.9200 | 0.9200 | Bullish | Bearish | Bearish | ||
| ICN.com analysis team | 0.9520 | 0.9775 | 1.0125 | Sideways | Bullish | Bullish | ||
| Ilian Yotov | 0.9750 | 1.0000 | 1.0000 | Bullish | Bullish | Bullish | ||
| Joshua Martinez | 0.9523 | 0.9400 | 0.9200 | Sideways | Bearish | Bearish | ||
| Malik Khan | 0.8880 | 0.8326 | 0.8028 | Bearish | Bearish | Bearish | ||
| Mauricio Carrillo | 0.9410 | 0.9200 | 0.9760 | Bearish | Bearish | Bullish | ||
| Ross Yamashita | 0.9500 | 0.9200 | 0.9600 | Bearish | Bearish | Sideways | ||
| Scotiabank FX Strategy Team | - | 0.9900 | 1.0200 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 0.9800 | 1.0300 | Sideways | Bullish | Bullish | ||
| Valeria Bednarik | 0.9380 | 0.9260 | 0.9810 | Bearish | Bearish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9800 | - | - | Bullish | - | ||
| Yohay Elam | 0.9600 | 0.9800 | 0.9200 | Bullish | Bullish | Bearish | ||
| Average | 0.9478 | 0.9526 | 0.9677 | Bearish | Sideways | Bullish | ||
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 USD/CHF daily time frame is expected to fall bearish with the new bearish trend.
If deflationary pressures intensify over the coming months, the SNB will likely opt to raise the currency floor.
The EUR/CHF is very solid. While the SNB keeps USD/CHF in tandem with EUR/USD, it has impact on other currencies such as the Australian dollar.
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.
A daily closing below 0.9400 would cancel the one month bullishness