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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.

Sunday, May 17, 2009

Bearish signal for EURUSD and AUDUSD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3439BearishBearish
USDJPY94.58BullishNeutral
GBPUSD1.5136BearishNeutral
USDCHF1.1239BullishNeutral
AUDUSD0.7462BearishBearish
USDCAD1.1798BullishNeutral
EURJPY127.11BullishNeutral
EURGBP0.8879BullishNeutral
EURCHF1.5104BullishNeutral
EURAUD1.8010BullishNeutral
EURCAD1.5855BullishNeutral
GBPJPY143.16BullishNeutral
GBPCHF1.7011BearishNeutral
GBPAUD 2.0284NeutralNeutral
GBPCAD1.7857BearishNeutral
CHFJPY84.15BullishNeutral
AUDJPY70.58BullishNeutral
AUDCHF0.8387NeutralNeutral
AUDCAD0.8804BearishNeutral
CADJPY80.17BullishNeutral
at 10:17 PM

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