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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 25, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4007BearishNeutral
USDJPY94.91BullishBullish
GBPUSD1.5904BearishNeutral
USDCHF1.0832BullishNeutral
AUDUSD0.7808BearishNeutral
USDCAD1.1245BullishNeutral
EURJPY132.94BullishNeutral
EURGBP0.8807BullishNeutral
EURCHF1.5172BullishNeutral
EURAUD1.7939BullishNeutral
EURCAD1.5751BullishNeutral
GBPJPY150.94BullishNeutral
GBPCHF1.7227BearishNeutral
GBPAUD 2.0369BearishNeutral
GBPCAD1.7884BearishNeutral
CHFJPY87.62BullishNeutral
AUDJPY74.11BullishNeutral
AUDCHF0.8458NeutralNeutral
AUDCAD0.8780BearishNeutral
CADJPY84.40BullishNeutral
at 7:53 PM

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