First, a review of last week’s forecast:
- the analysts were unanimous that USD/CHF had already reached its target for the near future and now would just be oscillating around the 1.0000 landmark. This is exactly what happened – the pair was moving within the sideways corridor of 0.9990-1.0095 all five days.
Forecast for the upcoming week.
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be said:
- the analysts expect USD/CHF to continue to oscillate in the range of 0.9900-1.0100. However, 20% of them as well as the indicators and graphical analysis on H4 and D1 don’t rule out that soon the pair will try to break into a 1.0120-1.0130 range, from where it will start to assail 1.0210.
- the analysts were unanimous that USD/CHF had already reached its target for the near future and now would just be oscillating around the 1.0000 landmark. This is exactly what happened – the pair was moving within the sideways corridor of 0.9990-1.0095 all five days.
Forecast for the upcoming week.
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be said:
- the analysts expect USD/CHF to continue to oscillate in the range of 0.9900-1.0100. However, 20% of them as well as the indicators and graphical analysis on H4 and D1 don’t rule out that soon the pair will try to break into a 1.0120-1.0130 range, from where it will start to assail 1.0210.