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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.

Tuesday, May 19, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3632BearishNeutral
USDJPY96.12BullishBullish
GBPUSD1.5479BearishNeutral
USDCHF1.1086BullishNeutral
AUDUSD0.7746BearishNeutral
USDCAD1.1547BullishNeutral
EURJPY131.03BullishNeutral
EURGBP0.8807BullishNeutral
EURCHF1.5112BullishNeutral
EURAUD1.7599BullishNeutral
EURCAD1.5741BullishNeutral
GBPJPY148.78BullishNeutral
GBPCHF1.7160BearishNeutral
GBPAUD 1.9983BullishNeutral
GBPCAD1.7874BearishNeutral
CHFJPY86.70BullishNeutral
AUDJPY74.45BullishNeutral
AUDCHF0.8587BearishNeutral
AUDCAD0.8944BearishNeutral
CADJPY83.24BullishNeutral
at 7:12 PM

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