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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.

Tuesday, April 7, 2009

Bearish signal for EURUSD, GBPUSD and AUDUSD, Bullish for USDCHF



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3270BearishBearish
USDJPY100.65NeutralNeutral
GBPUSD1.4734BearishBearish
USDCHF1.1420BullishBullish
AUDUSD0.7121BearishBearish
USDCAD1.2364BullishNeutral
EURJPY133.56BearishNeutral
EURGBP0.9006BullishNeutral
EURCHF1.5154NeutralNeutral
EURAUD1.8635BullishNeutral
EURCAD1.6407NeutralNeutral
GBPJPY148.30BearishNeutral
GBPCHF1.6826BearishNeutral
GBPAUD 2.0691BullishNeutral
GBPCAD1.8217BearishNeutral
CHFJPY88.13BearishNeutral
AUDJPY71.67BearishNeutral
AUDCHF0.8132BearishNeutral
AUDCAD0.8804BearishNeutral
CADJPY81.41BearishNeutral
at 7:54 PM

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