Graphical analysis on H4 and the indicators on H4 and D1 were right about USD/CHF moving in a sideways channel for some time. At the same time, in line with the general trend to regain its position above 1. 0000 , the pair made several attempts to break through the top boundary of the channel, and it was able to consolidate just above 0.9960 by Friday evening.
Forecast for Coming Week
Generalizing the opinions of several dozen analysts from leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be said:
As for USD/CHF , 65% of the experts tend to believe that after reaching the key level of 1. 0000 , the pair will rebound to another strong level of 0.9800 and only then move up again to 1.0200-1.0300. This is echoed by the indicators and graphical analysis, the latter drawing support 100 points higher at 0.9900.
Roman Butko, NordFX