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 21 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9400 | 0.9100 | 0.9450 | Bullish | Bearish | Sideways | ||
| Alberto Muñoz,PhD | 0.9200 | 0.8900 | 0.8500 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 0.9136 | 0.9261 | 0.9432 | Bearish | Bearish | Sideways | ||
| BoA FX, Rates and Commodities Team | - | 1.0200 | 1.0600 | - | Bullish | Bullish | ||
| Claudiu Cazacu | 0.9300 | 0.9600 | 0.9710 | Sideways | Bullish | Bullish | ||
| Danske Research Team | - | 0.9200 | 0.9200 | - | Bearish | Bearish | ||
| Derek Frey, CTA | 0.9450 | 0.9700 | 0.9200 | Bullish | Bullish | Bearish | ||
| Esteban Mora | 0.9300 | 0.9500 | 0.9800 | Sideways | Bullish | Bullish | ||
| GFM Research Private Limited | 0.9440 | 0.9020 | 0.8950 | Bullish | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 0.8865 | 0.8870 | 0.8670 | Bearish | Bearish | Bearish | ||
| Gregor Horvat | 0.9100 | 0.9000 | 0.9000 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 0.9500 | 0.9500 | 1.0000 | Bullish | Bullish | Bullish | ||
| J.P. Morgan Global FX Strategy | - | 0.9700 | 0.9300 | - | Bullish | Sideways | ||
| Mauricio Carrillo | 0.9100 | 0.9200 | 0.9420 | Bearish | Bearish | Sideways | ||
| RBC Economic Research Team | - | 1.0000 | 1.0100 | - | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | 0.9900 | 1.0200 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 0.9000 | 0.9800 | - | Bearish | Bullish | ||
| UBS FX Research Team | - | 0.9200 | 0.9600 | - | Bearish | Bullish | ||
| Valeria Bednarik | 0.9250 | 0.9500 | 0.9730 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9100 | - | - | Bearish | - | ||
| Yohay Elam | 0.9400 | 0.9500 | 0.9200 | Bullish | Bullish | Bearish | ||
| Average | 0.9265 | 0.9379 | 0.9493 | Bearish | Sideways | Bullish | ||
Pair turned bearish this summer into a larger three wave fall after a completed five wave rally from August 2011. Further decline beneath 0.9000 is now in focus.
It will take some time for the USD to recover from the Fed's "all-in" QE3 decision.
We could see some weakening of the franc is Europe is optimistic.
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 minor bounce the usdchf, which may continue in the short term, has the euro weakens a little but expect to see the pair continue the recent bearish trend testing the 0.90 level in due course.