For starters, a few words about last week’s forecast:
- the forecast for USD/CHF was only upward movement. The end target was set at 1.0000-1.0100, right in the middle of which the pair stopped Friday night. Thus, the forecast can be considered 100% correct straight out.
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 suggested:
- graphical analysis on D1 doesn’t rule out that USD/CHF will try to move up towards its 1.0210 high, where it was before Black Thursday, 15 January, and then drop down sharply. The analysts are unanimous that the pair has already reached its target for the near future and now will just be oscillating around the 1.0000 landmark. The main support will be 0.9950, the next – 0.9845. The closest resistance will be 1.0100, with the next at 1.0210.
- the forecast for USD/CHF was only upward movement. The end target was set at 1.0000-1.0100, right in the middle of which the pair stopped Friday night. Thus, the forecast can be considered 100% correct straight out.
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 suggested:
- graphical analysis on D1 doesn’t rule out that USD/CHF will try to move up towards its 1.0210 high, where it was before Black Thursday, 15 January, and then drop down sharply. The analysts are unanimous that the pair has already reached its target for the near future and now will just be oscillating around the 1.0000 landmark. The main support will be 0.9950, the next – 0.9845. The closest resistance will be 1.0100, with the next at 1.0210.