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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, June 9, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4059NeutralNeutral
USDJPY97.43BullishBullish
GBPUSD1.6308BearishNeutral
USDCHF1.0789BullishNeutral
AUDUSD0.8006BearishNeutral
USDCAD1.1050BullishNeutral
EURJPY136.98BullishNeutral
EURGBP0.8621BullishNeutral
EURCHF1.5168BullishNeutral
EURAUD1.7561BullishNeutral
EURCAD1.5535BullishNeutral
GBPJPY158.89BearishNeutral
GBPCHF1.7595BearishNeutral
GBPAUD 2.0370BullishNeutral
GBPCAD1.8020BearishNeutral
CHFJPY90.30NeutralNeutral
AUDJPY78.00BearishNeutral
AUDCHF0.8638BearishNeutral
AUDCAD0.8847BearishNeutral
CADJPY88.17NeutralNeutral
at 7:13 PM

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