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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
EURUSD1.4929BullishNeutral
USDJPY89.18NeutralNeutral
GBPUSD1.6699BearishNeutral
USDCHF1.0117BearishNeutral
AUDUSD0.9261BullishNeutral
USDCAD1.0565BearishBearish
EURJPY133.14BullishNeutral
EURGBP0.8940BullishNeutral
EURCHF1.5104BullishNeutral
EURAUD1.6120BullishNeutral
EURCAD1.5772NeutralNeutral
GBPJPY148.92BearishNeutral
GBPCHF1.6894BearishNeutral
GBPAUD 1.8032BearishNeutral
GBPCAD1.7642BearishNeutral
CHFJPY88.15BullishNeutral
AUDJPY82.59BullishNeutral
AUDCHF0.9369BearishNeutral
AUDCAD0.9784BearishNeutral
CADJPY84.41BullishNeutral
at 10:35 PM

2 comments:

  1. UnknownJuly 9, 2013 at 2:52 AM

    This comment has been removed by the author.

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  2. UnknownJuly 9, 2013 at 9:20 AM

    Well post... There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success. free forex signals

    ReplyDelete

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