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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.

Monday, May 18, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3560BearishNeutral
USDJPY96.37BullishBullish
GBPUSD1.5341BearishNeutral
USDCHF1.1141BullishNeutral
AUDUSD0.7660BearishNeutral
USDCAD1.1618BullishNeutral
EURJPY130.68BullishNeutral
EURGBP0.8839BullishNeutral
EURCHF1.5107BullishNeutral
EURAUD1.7702BullishNeutral
EURCAD1.5754BullishNeutral
GBPJPY147.84BullishNeutral
GBPCHF1.7091BearishNeutral
GBPAUD 2.0027BullishNeutral
GBPCAD1.7823BearishNeutral
CHFJPY86.50BullishNeutral
AUDJPY73.82BullishNeutral
AUDCHF0.8534BearishNeutral
AUDCAD0.8899BearishNeutral
CADJPY82.95BullishNeutral
at 7:01 PM

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