US Dollar Forecast 12-03-12

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Is Dollar Doomed in the Near Future?

dollar Forecast on 02/03/12

I commence with my gratitude to The Creator

At the Dawn of the year, I had posted this chart and forecasted that US Dollar shall have rally in year 2012 and gave a target of $83 and Dollar Index DXY was trading at 78 range.

Thanks God, my forecast came to fruition and DXY rallied to exactly my target $83 and little bit over that.

US Dollar Forecast 12-03-12

Now US dollar is developing a strong pattern, which foretells another story.
Based upon this pattern, if it pans out then I am looking for dollar index to fall down to $72-$73, once support of $78 is violated. Please see attached the chart.

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13 thoughts on “US Dollar Forecast 12-03-12”

  1. Grzegorz Pawlak

    Can You comment, what is the actual forecast or situation USdollar vs Gold. What kind of move we should expect on Gold as well ?
    Cause Your analysis are truuuuly amazing, why we dont read You everyday 🙂 Unfortunately I dont have money for Your MasterCourse.

    Reply
  3. viks

    Amazing forecasts.But right now we have reached a juncture wherein the dollar can move either way.It could move down as u have surmised or it could skyrocket over the next few months beyond 100-110 on the dollar index.The next move is certainly on the upside after a few more days of consolidation for the dollar surprising many.Off course i could be 100% wrong.

    Reply
  7. Anonymous

    It has been a long time since you post your analysis for gold, could you kindly write your analysis for gold? Thank you Mehmood….. Bless you

    Reply

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