Custom Search

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, May 5, 2009

Bearish signal for AUDUSD, Bullish for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3294BearishNeutral
USDJPY98.71BullishNeutral
GBPUSD1.5036BearishNeutral
USDCHF1.1351BullishNeutral
AUDUSD0.7383BearishBearish
USDCAD1.1773BullishBullish
EURJPY131.23BullishNeutral
EURGBP0.8841BullishNeutral
EURCHF1.5090BullishNeutral
EURAUD1.8006BullishNeutral
EURCAD1.5651BullishNeutral
GBPJPY148.42BullishNeutral
GBPCHF1.7067BearishNeutral
GBPAUD 2.0366BearishNeutral
GBPCAD1.7702BearishNeutral
CHFJPY86.96BullishNeutral
AUDJPY72.88BullishNeutral
AUDCHF0.8380NeutralNeutral
AUDCAD0.8692NeutralNeutral
CADJPY83.84BullishNeutral
at 8:18 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)