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, Nov 30 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9330 | 0.9450 | 0.9600 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 0.9008 | 0.8886 | 0.9192 | Bearish | Bearish | Sideways | ||
| BoA FX, Rates and Commodities Team | - | 0.9800 | 0.9900 | - | Bullish | Bullish | ||
| Claudiu Cazacu | 0.9320 | 0.9420 | 0.9480 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 0.9300 | - | - | Sideways | ||
| GFM Research Private Limited | 0.9150 | 0.9080 | 0.8950 | Bearish | Bearish | Bearish | ||
| Goldman Sachs Global Investment Research | - | 0.9600 | - | - | Bullish | - | ||
| Gus Farrow | 0.9218 | 0.9190 | 0.9600 | Bearish | Bearish | Bullish | ||
| HSBC Global Research Team | - | - | 0.8900 | - | - | Bearish | ||
| ICN.com analysis team | 0.9215 | 0.9075 | 0.9075 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 0.9200 | 0.9300 | 1.0000 | Bearish | Sideways | Bullish | ||
| J.P. Morgan Global FX Strategy | - | - | 0.9400 | - | - | Bullish | ||
| Luc Luyet, CMT, CIIA | 0.9450 | 0.9600 | 0.9450 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 0.9214 | 0.9300 | 0.9300 | Bearish | Sideways | Sideways | ||
| Rabobank Financial Markets Research Team | - | 0.9500 | 0.9400 | - | Bullish | Bullish | ||
| RBS Team | - | 0.9530 | 0.9730 | - | Bullish | Bullish | ||
| Richard C. Lee | 0.9414 | 0.9517 | 0.9550 | Bullish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | 0.9500 | 0.9500 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 0.9800 | 1.0600 | - | Bullish | Bullish | ||
| UBS FX Research Team | - | 0.9200 | 0.9600 | - | Bearish | Bullish | ||
| UniCredit Research | - | 0.9400 | 0.9300 | - | Bullish | Sideways | ||
| Valeria Bednarik | 0.9340 | 0.9500 | 0.9730 | Bullish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9500 | - | - | Bullish | - | ||
| Yohay Elam | 0.9300 | 0.9500 | 0.9500 | Sideways | Bullish | Bullish | ||
| Average | 0.9263 | 0.9412 | 0.9503 | Sideways | Bullish | Bullish | ||
Trading below 0.9330 could keep the bearishness valid
Risk aversion, the U.S. "fiscal cliff" and expectations of another QE expansion by the Fed in 2013 will keep making it difficult for the USD to find significant strength against the CHF.
EUR/CHF has moved towards 1.20 once again, making USD/CHF even closer in behavior to EUR/USD.
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 further upside momentum to the eurusd expected the usdchf is likely to push lower once again and possibly even breach the triple bottom now forming on the daily chart in the 0.9240 price zone. If, as expected this is broken then expect to see a test of the support in the 0.8932 area of early 2012 in due course.