Technical analysis of historical data puts GFT in 12-month lead
GFT has topped this week's 12-month currency forecast rankings, having been ranked in the top three for the past five weeks as a result of its accurate forecasts on the fall of the euro, which it based on technical analysis of historical data going back to mid-June 2010.
On July 8, 2011, with EUR/USD and GBP/USD trading at 1.43 and 1.60 respectively, GFT forecast both pairs to fall significantly to 1.20 and 1.48 respectively. While neither fell quite as far as expected, it was that bearish
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