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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.

Wednesday, November 18, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4880BullishNeutral
USDJPY89.24NeutralNeutral
GBPUSD1.6796BearishNeutral
USDCHF1.0154BearishNeutral
AUDUSD0.9277NeutralNeutral
USDCAD1.0521BearishBearish
EURJPY132.79BullishNeutral
EURGBP0.8859BullishNeutral
EURCHF1.5109BullishNeutral
EURAUD1.6040BullishNeutral
EURCAD1.5655BullishNeutral
GBPJPY149.89BearishNeutral
GBPCHF1.7055BearishNeutral
GBPAUD 1.8105BearishNeutral
GBPCAD1.7671BearishNeutral
CHFJPY87.89BullishNeutral
AUDJPY82.79BullishNeutral
AUDCHF0.9420BearishNeutral
AUDCAD0.9760BearishNeutral
CADJPY84.82BullishNeutral
at 12:06 AM

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