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How does this Forex Signal System work?

This Forex Signal System is based on 2 key values:

Spot vs Model rate: For each pair is estimated a value given by fundamentals (economic growth, trade balance, commodity prices, uncertainty and panic, etc). This value is called Model rate. If the spot rate is less than the model rate, then the signal is Bullish; if it is equal or close, signal is neutral; and if the spot rate is higher than the rate model, then the signal is Bearish.
Market Sentiment Index: The index is calculated based on the forecasts of different agencies (weighted by forecast accuracy). While most agencies say that the pair will go up, the higher the index. If the index is higher than 2 / 3, then the signal is Bullish. If it is less than 1 / 3, then the signal is Bearish. If the value is between 1 / 3 and 2 / 3 the signal is Neutral.

If both match, then we have a signal.
The purpose of the signals is only to indicate where the market will move. The system does not provide profit objectives or stops loss, allowing traders the freedom to choose the levels that would accommodate more. If you need support or resistance levels to set your goals, they can be found here.

Monday, November 16, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4963BullishNeutral
USDJPY89.03BullishNeutral
GBPUSD1.6810BearishNeutral
USDCHF1.0081BearishNeutral
AUDUSD0.9348NeutralNeutral
USDCAD1.0472BearishBearish
EURJPY133.22BullishNeutral
EURGBP0.8901BullishNeutral
EURCHF1.5084BullishNeutral
EURAUD1.6007BullishNeutral
EURCAD1.5669BullishNeutral
GBPJPY149.66BearishNeutral
GBPCHF1.6946BearishNeutral
GBPAUD 1.7982BearishNeutral
GBPCAD1.7603BearishNeutral
CHFJPY88.31BullishNeutral
AUDJPY83.23NeutralNeutral
AUDCHF0.9424BearishNeutral
AUDCAD0.9789BearishNeutral
CADJPY85.02BullishNeutral
at 10:19 PM

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