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.

Thursday, May 14, 2009

Bearish signal for EURUSD and AUDUSD, Bullish for USDJPY, USDCHF and USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3628BearishBearish
USDJPY96.03BullishBullish
GBPUSD1.5221BearishNeutral
USDCHF1.1048BullishBullish
AUDUSD0.7588BearishBearish
USDCAD1.1716BullishBullish
EURJPY130.87BullishNeutral
EURGBP0.8953BullishNeutral
EURCHF1.5056BullishNeutral
EURAUD1.7960BullishNeutral
EURCAD1.5967NeutralNeutral
GBPJPY146.17BullishNeutral
GBPCHF1.6816BullishNeutral
GBPAUD 2.0059BullishNeutral
GBPCAD1.7833BearishNeutral
CHFJPY86.92BullishNeutral
AUDJPY72.87BullishNeutral
AUDCHF0.8383NeutralNeutral
AUDCAD0.8890BearishNeutral
CADJPY81.96BullishNeutral
at 7:37 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)