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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, April 13, 2009

Bearish signal for AUDUSD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3378BearishNeutral
USDJPY100.36NeutralNeutral
GBPUSD1.4864BearishNeutral
USDCHF1.1325BullishNeutral
AUDUSD0.7316BearishBearish
USDCAD1.2182BullishNeutral
EURJPY134.26BearishNeutral
EURGBP0.9000BullishNeutral
EURCHF1.5151NeutralNeutral
EURAUD1.8286BullishNeutral
EURCAD1.6297NeutralNeutral
GBPJPY149.18BearishNeutral
GBPCHF1.6833BearishNeutral
GBPAUD 2.0317BullishNeutral
GBPCAD1.8107BearishNeutral
CHFJPY88.62BearishNeutral
AUDJPY73.42BearishNeutral
AUDCHF0.8285BearishNeutral
AUDCAD0.8912BearishNeutral
CADJPY82.38BearishNeutral
at 7:49 PM

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