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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 9, 2009

Bearish signal for EURUSD, GBPUSD and AUDUSD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3137BearishBearish
USDJPY100.57NeutralNeutral
GBPUSD1.4647BearishBearish
USDCHF1.1579BullishNeutral
AUDUSD0.7192BearishBearish
USDCAD1.2245BullishNeutral
EURJPY132.12BearishNeutral
EURGBP0.8969BullishNeutral
EURCHF1.5211NeutralNeutral
EURAUD1.8266BullishNeutral
EURCAD1.6086BullishNeutral
GBPJPY147.30BearishNeutral
GBPCHF1.6960BearishNeutral
GBPAUD 2.0366BullishNeutral
GBPCAD1.7935BearishNeutral
CHFJPY86.86BearishNeutral
AUDJPY72.33BearishNeutral
AUDCHF0.8328BearishNeutral
AUDCAD0.8807BearishNeutral
CADJPY82.13BearishNeutral
at 7:19 PM

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