JuliaFX

Forex Forecast for 26-30 October 2015

FX:USDCHF   U.S. Dollar/Swiss Franc
The previous forecast was fulfilled 100%:
- both experts and technical analysis unanimously predicted upward movement for USD/CHF             , differing only on how fast it would transpire. In line with one of the versions, the pair started to go up right away on Monday, broke through the top boundary of the channel and moved to resistance at 0.9600. One third of the experts were convinced that it would not stop there but rise by 100 points more. That turned out correct - USD/CHF             gained 100 points and then another 100, eventually reaching 0.9800.

The forecast for the coming week.
The outlook for USD/CHF             is up. The experts, most indicators and graphical analysis on H1, H4 and D1 agree with it. Support is around 0.9740-0.9765, the Pivot Point is at 0.9800, and the next target is 0.9900. Only 14% of indicators on N1 and just 1 indicator on D1 remind that the pair may still crash by a further 100 points to support at 0.9665.

Roman Butko, NordFX
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