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, Oct 26 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9300 | 0.9450 | 0.9600 | Bearish | Bullish | Bullish | ||
| Alberto Muñoz,PhD | 0.9450 | 0.9300 | 0.9100 | Bullish | Bearish | Bearish | ||
| Anna Coulling | 0.9168 | 0.9050 | 0.9234 | Bearish | Bearish | Bearish | ||
| BoA FX, Rates and Commodities Team | - | - | 0.9800 | - | - | Bullish | ||
| Claudiu Cazacu | 0.9480 | 0.9560 | 0.9400 | Bullish | Bullish | Sideways | ||
| Dr. S. Sivaraman | 0.9488 | 0.9787 | 0.9947 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | - | 0.9020 | 0.8800 | - | Bearish | Bearish | ||
| Goldman Sachs Global Investment Research | - | - | 0.9600 | - | - | Bullish | ||
| Gonçalo Moreira, CMT | 0.9230 | 0.8870 | 0.8670 | Bearish | Bearish | Bearish | ||
| ICN.com analysis team | 0.9430 | 0.9145 | 0.9075 | Bullish | Bearish | Bearish | ||
| Ilian Yotov | 0.9400 | 0.9500 | 1.0000 | Bullish | Bullish | Bullish | ||
| J.P. Morgan Global FX Strategy | - | - | 0.9200 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 0.9300 | 0.9160 | 0.9050 | Bearish | Bearish | Bearish | ||
| Mauricio Carrillo | 0.9200 | 0.9000 | 0.9300 | Bearish | Bearish | Sideways | ||
| NAB Global Markets Research | - | - | 0.9200 | - | - | Bearish | ||
| Rabobank Financial Markets Research Team | - | 0.9500 | 0.9400 | - | Bullish | Sideways | ||
| RBS Team | - | - | 0.9530 | - | - | Bullish | ||
| Ross Yamashita | 0.9250 | 0.9000 | 0.9600 | 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 | - | - | Sideways | ||
| Valeria Bednarik | 0.9420 | 0.9580 | 0.9800 | Bullish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9100 | - | - | Bearish | - | ||
| Yohay Elam | 0.9400 | 0.9400 | 0.9200 | Bullish | Sideways | Bearish | ||
| Average | 0.9347 | 0.9272 | 0.9425 | Sideways | Bearish | Bearish | ||
swing and quick gain moves may be seen
Some correction is expected before resuming the bearishness
The Fed's "all-in" QE3 decision has made it difficult for the USD to find strength against the CHF.
The franc continues following the euro, but at least not as close as earlier in the year.
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.
The usdchf continues to slide lower and despite recent short term bullish momentum the pair is now running into stiff price congestion in the 0.9350 price zone and we can expect to see a failure at this level and a move lower in due course.