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, Oct 19 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9210 | 0.9400 | 0.9600 | Bearish | Bullish | Bullish | ||
| Alberto Muñoz,PhD | 0.9000 | 0.8900 | 0.8500 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 0.9168 | 0.9050 | 0.9234 | Bearish | Bearish | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 0.9800 | - | - | Bullish | ||
| Claudiu Cazacu | 0.9250 | 0.9430 | 0.9730 | Sideways | Bullish | Bullish | ||
| Danske Research EmergingMarkets Team | - | - | 0.9100 | - | - | Bearish | ||
| Dr. S. Sivaraman | 0.9488 | 0.9787 | 0.9947 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 0.9420 | 0.9140 | 0.8800 | Bullish | Bearish | Bearish | ||
| Goldman Sachs Global Investment Research | - | - | 0.9600 | - | - | Bullish | ||
| ICN.com analysis team | 0.9145 | 0.9075 | 0.8775 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 0.9300 | 0.9500 | 1.0000 | Sideways | Bullish | Bullish | ||
| J.P. Morgan Global FX Strategy | - | - | 0.9200 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 0.9250 | 0.9160 | 0.9050 | Sideways | Bearish | Bearish | ||
| Malik Khan | 0.9190 | 0.9340 | 0.9300 | Bearish | Bullish | Sideways | ||
| Mauricio Carrillo | 0.9340 | 0.9240 | 0.9340 | Bullish | Sideways | Sideways | ||
| RBS Team | - | - | 0.9530 | - | - | Bullish | ||
| Ross Yamashita | 0.9150 | 0.8850 | 0.9500 | Bearish | Bearish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 0.9900 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 0.9800 | - | - | Bullish | ||
| UBS FX Research Team | - | 0.9200 | 0.9600 | - | Bearish | Bullish | ||
| UniCredit Research | - | - | 0.9400 | - | - | Bullish | ||
| Valeria Bednarik | 0.9420 | 0.9500 | 0.9730 | Bullish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9100 | - | - | Bearish | - | ||
| Yohay Elam | 0.9400 | 0.9400 | 0.9200 | Bullish | Bullish | Sideways | ||
| Average | 0.9267 | 0.9255 | 0.9419 | Sideways | Sideways | Bullish | ||
Trading below 0.9220 is needed to confirm the one week bearishness, while breaching 0.9535 would damage the one month bearishness
The Fed's "all-in" QE3 decision has made it difficult for the USD to find strength against the CHF.
The franc could weaken with the euro.
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.
With a solid double top now in place on the daily chart in the 0.9435 area, backed up by strong resistance above we can expect to see further weakness for the pair moving through to test the platform of support of April in the 0.9420 region. This may hold with a consequent bounce higher in due course.