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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, April 29, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3261BearishNeutral
USDJPY97.46BullishBullish
GBPUSD1.4752BearishNeutral
USDCHF1.1363BullishNeutral
AUDUSD0.7239BearishNeutral
USDCAD1.2030BullishNeutral
EURJPY129.24BullishNeutral
EURGBP0.8989BullishNeutral
EURCHF1.5068BullishNeutral
EURAUD1.8319BullishNeutral
EURCAD1.5953BullishNeutral
GBPJPY143.77BearishNeutral
GBPCHF1.6763BearishNeutral
GBPAUD 2.0379BullishNeutral
GBPCAD1.7747BearishNeutral
CHFJPY85.77NeutralNeutral
AUDJPY70.55BearishNeutral
AUDCHF0.8226BearishNeutral
AUDCAD0.8709BearishNeutral
CADJPY81.01BearishNeutral
at 7:15 PM

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