Tthe forecast for USD/CHF by graphical analysis and 40% of the analysts turned out to be totally correct. The pair continued to move upward to 0.9967, took a break and went down to support at 0.9890.
Forecast for Coming Week
Summarizing the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
About 70% of the experts tend to believe that USD/CHF will rise first to the key level of 1. 0000 and then up to 1.0200. Graphical analysis on H4 and the indicators on H4 and D1 show that before rising, the pair may spend some time in a 0.9830-0.9930 sideways trend with prevailing sentiment.
Roman Butko, NordFX