I believe this counts as pseudoscience.
The Economic Forecast Agency (EFA) claims to use “reliable models for long-term forecasting” of various financial markets with the implication being that these models provide “accurate forecasts”:
source: https://longforecast.com/
Given the unpredictable nature of financial markets and exchange rates it seems a bold and dubious claim and I decided to put it to the test by seeing how they’ve done historically on certain currency exchanges.
(I didn’t see any historical data or measures on their site but luckily the urls for the various markets are still the same as they were five years ago and so everything needed can be found at archive.org)
Here’s GBP to USD:
The black line is what actually happened while the other three are the “long-term forecasts” made as of the dates in the legend. As we can see there’s no real correlation – other than ... Read even more
