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, Sep 14 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9400 | 0.9200 | 0.9450 | Bullish | Sideways | Bullish | ||
| Alberto Muñoz,PhD | 0.9250 | 0.9000 | 0.8900 | Sideways | Bearish | Bearish | ||
| Anna Coulling | 0.8947 | 0.9261 | 0.9432 | Bearish | Sideways | Bullish | ||
| Claudiu Cazacu | 0.9490 | 0.9645 | 0.9710 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 0.9400 | - | - | Bullish | ||
| Esteban Mora | 0.9200 | 0.9000 | 0.9300 | Bearish | Bearish | Sideways | ||
| Gonçalo Moreira, CMT | 0.9250 | 0.8870 | 0.8670 | Sideways | Bearish | Bearish | ||
| ICN.com analysis team | 0.9460 | 0.9270 | 0.9270 | Bullish | Sideways | Sideways | ||
| Ilian Yotov | 0.9500 | 0.9750 | 1.0000 | Bullish | Bullish | Bullish | ||
| Joshua Martinez | 0.9300 | 0.9450 | 0.9250 | Bullish | Bullish | Sideways | ||
| Mauricio Carrillo | 0.9000 | 0.9200 | 0.9420 | Bearish | Sideways | Bullish | ||
| OCBC Treasury Research & Strategy Team | - | 0.9486 | 0.9671 | - | Bullish | Bullish | ||
| Ross Yamashita | 0.9250 | 0.9000 | 0.8600 | Sideways | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | 0.9900 | 1.0200 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 0.9400 | 1.0300 | - | Bullish | Bullish | ||
| UBS FX Research Team | - | 0.9200 | 0.9600 | - | Sideways | Bullish | ||
| Valeria Bednarik | 0.9100 | 0.9380 | 0.9500 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9200 | - | - | Sideways | - | ||
| Yohay Elam | 0.9200 | 0.9500 | 0.9200 | Bearish | Bullish | Sideways | ||
| Average | 0.9257 | 0.9317 | 0.9437 | Sideways | Bullish | Bullish | ||
After breaching 09460, the bearishness is expected to continue for the next few weeks as long as trading remains below 0.9525.
It will take some time for the USD to recover from the Fed's "all-in" QE3 decision.
USDCHF daily timeframe is working its way bearish to find a Fibonacci C.
The Swiss franc finally has some life of its own. A deterioration in Europe will send EUR/CHF back to the flat line. For now, USD/CHF has some more room on the downside.
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 failed at parity the usdchf is now heavily bearish and further falls will see it test support in the 0.92 area with a further break lower expected to test the platform in the 0.90 region in the short term.