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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, June 1, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4148BearishNeutral
USDJPY96.25BullishBullish
GBPUSD1.6429BearishNeutral
USDCHF1.0705BullishNeutral
AUDUSD0.8077BearishNeutral
USDCAD1.0913BullishNeutral
EURJPY136.17BullishNeutral
EURGBP0.8612BullishNeutral
EURCHF1.5145BullishNeutral
EURAUD1.7516BullishNeutral
EURCAD1.5440BullishNeutral
GBPJPY158.13BearishNeutral
GBPCHF1.7587BearishNeutral
GBPAUD 2.0340BullishNeutral
GBPCAD1.7929BearishNeutral
CHFJPY89.91BullishNeutral
AUDJPY77.74BearishNeutral
AUDCHF0.8646BearishNeutral
AUDCAD0.8814BearishNeutral
CADJPY88.20BearishNeutral
at 7:38 PM

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