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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.

Thursday, June 11, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4121BearishNeutral
USDJPY97.51BullishBullish
GBPUSD1.6593BearishNeutral
USDCHF1.0691BullishNeutral
AUDUSD0.8206BearishNeutral
USDCAD1.1007BullishNeutral
EURJPY137.69BullishNeutral
EURGBP0.8510BullishNeutral
EURCHF1.5097BullishNeutral
EURAUD1.7208BullishNeutral
EURCAD1.5543BullishNeutral
GBPJPY161.80BearishNeutral
GBPCHF1.7740BearishNeutral
GBPAUD 2.0221BullishNeutral
GBPCAD1.8264BearishNeutral
CHFJPY91.21NeutralNeutral
AUDJPY80.02BearishNeutral
AUDCHF0.8773BearishNeutral
AUDCAD0.9032BearishNeutral
CADJPY88.59BearishNeutral
at 7:41 PM

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