A new technical analysis breakthrough - predictive market analysis in our 'moneymakingcharts' ensuring greater trading profits
US Dollar - predictive forecast
On 12th April 2024 our team released their forecast for the US Dollar Index.
It included the following commentary:-
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"It is likely the current bear cycle rally from the December 2023 bottom will top out at targets 1 and/or 2, or higher, at HEC/IC1. If closes (black dot on daily bar) remain below IC4, USD will fall to target 5.
At right is the USD Index updated to the 17th May 2024. The initial chart (upper chart) was released on the 12 April (the 4th daily bar in from the extreme left side). It can be seen our forecast proved to be highly accurate. The first top hit target 1 on the 16th April, and the final top made its daily high precisely on IC3.
Our updated analysis forecasting market direction for 17th May was as follows:-
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"USD is dominated by the narrowing IC3 cycle and while closes remain below IC3, price is likely to settle at target 3. During next week, it is possible price spikes to target 2 before falling back to target 3. If closes trade above IC3, that would indicate a higher top at IC2 and target 4.
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We believe our moneymakingcharts is the ultimate market analysis tool in that it contains a wide array of powerful indicators.
US Dollar - what followed the forecast
About our ground-breaking predictive technology
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This unique and highly advanced technical analysis is the result of over 30 years of research and development into the causation of market direction, trend changes and underlying support and resistance levels. Our focus is on futures markets and our team have been successful in converting cycle mathematics into an accurate daily chart - we call them 'moneymakingcharts' - which contain comprehensive and unprecedented signals to assist traders maximise profitability. In one single chart, traders see the likely direction of a market together with powerful support and resistance lines along the path of its trend.
Analysis driven by our highly experienced team
Since 1991, our team has engaged in a wide range of market activities:
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Systematic strategy design
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Advisors to futures brokers
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Fund managers
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Market educators
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Discretionary trading
markethotspots users benefit from this market experience.