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, Dec 14 2012, 17:00 GMT | |||||||
| A. Narczewski | 0.9350 | 0.9500 | 0.9800 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 0.9024 | 0.8886 | 0.9192 | Bearish | Bearish | Sideways | ||
| BoA FX, Rates and Commodities Team | - | 0.9700 | 0.9800 | - | Bullish | Bullish | ||
| Claudiu Cazacu | 0.9320 | 0.9440 | 0.9390 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 0.9300 | - | - | Sideways | ||
| Goldman Sachs Global Investment Research | - | 0.9600 | - | - | Bullish | - | ||
| Gregor Horvat | 0.9100 | 0.9000 | 0.8800 | Bearish | Bearish | Bearish | ||
| HSBC Global Research Team | - | 0.8900 | - | - | Bearish | - | ||
| ICN.com analysis team | 0.9305 | 0.9075 | 0.9075 | Bullish | Bearish | Bearish | ||
| Ilian Yotov | 0.9200 | 0.9300 | 0.9300 | Bearish | Bullish | Sideways | ||
| J.P. Morgan Global FX Strategy | - | - | 0.9400 | - | - | Bullish | ||
| Luc Luyet, CMT, CIIA | 0.9300 | 0.9380 | 0.9450 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 0.9150 | 0.9050 | 0.9000 | Bearish | Bearish | Bearish | ||
| Rabobank Financial Markets Research Team | - | 0.9500 | 0.9400 | - | Bullish | Bullish | ||
| RBC Economic Research Team | - | 0.9200 | 0.9100 | - | Sideways | Bearish | ||
| RBS Team | - | 0.9530 | 0.9760 | - | Bullish | Bullish | ||
| Richard C. Lee | 0.9100 | 0.9593 | - | Bearish | Bullish | - | ||
| Ross Yamashita | 0.9000 | 0.8800 | 0.9500 | Bearish | Bearish | Bullish | ||
| Scotiabank FX Strategy Team | - | 0.9400 | 0.9500 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 0.9800 | 1.0600 | - | Bullish | Bullish | ||
| UBS FX Research Team | - | 0.9200 | 0.9600 | - | Sideways | Bullish | ||
| UniCredit Research | - | 0.9400 | 0.9200 | - | Bullish | Sideways | ||
| Valeria Bednarik | 0.9190 | 0.9340 | 0.9800 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 0.9200 | - | - | Sideways | - | ||
| Yohay Elam | 0.9300 | 0.9500 | 0.9500 | Bullish | Bullish | Bullish | ||
| Average | 0.9195 | 0.9317 | 0.9451 | Bearish | Bullish | Bullish | ||
Trend is clearly bearish since July of this year. Expect a larger three wave retracement back to 0.8900 possibly even 0.8600
Risk aversion, the U.S. "fiscal cliff" and the QE expansion by the Fed in 2013 will keep making it difficult for the USD to find significant strength against the CHF.
After the SNB reaffirmed the peg, we will probably have more of the same.
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 drift lower and now looks set to breach the platform of support in the 0.9200 area and any breach here will see a test of the 0.9000 level in due course.