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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.

Thursday, April 23, 2009

Bearish signal for AUDUSD, Bullish for EURAUD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3136BearishNeutral
USDJPY97.91BullishNeutral
GBPUSD1.4710BearishNeutral
USDCHF1.1509BullishNeutral
AUDUSD0.7129BearishBearish
USDCAD1.2240BullishNeutral
EURJPY128.61BullishNeutral
EURGBP0.8930BullishNeutral
EURCHF1.5118BullishNeutral
EURAUD1.8426BullishBullish
EURCAD1.6078BullishNeutral
GBPJPY144.03BearishNeutral
GBPCHF1.6930BearishNeutral
GBPAUD 2.0634BullishNeutral
GBPCAD1.8005BearishNeutral
CHFJPY85.07NeutralNeutral
AUDJPY69.80BearishNeutral
AUDCHF0.8205BearishNeutral
AUDCAD0.8726BearishNeutral
CADJPY79.99NeutralNeutral
at 7:07 PM

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