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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 15, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3752BullishNeutral
USDJPY97.53BullishBullish
GBPUSD1.6219BearishNeutral
USDCHF1.0952NeutralNeutral
AUDUSD0.7909BearishNeutral
USDCAD1.1357NeutralNeutral
EURJPY134.12BullishNeutral
EURGBP0.8479BullishNeutral
EURCHF1.5061BullishNeutral
EURAUD1.7388BullishNeutral
EURCAD1.5618BullishNeutral
GBPJPY158.18BearishNeutral
GBPCHF1.7763BearishNeutral
GBPAUD 2.0507BearishNeutral
GBPCAD1.8420BearishNeutral
CHFJPY89.05BullishNeutral
AUDJPY77.14BearishNeutral
AUDCHF0.8662BearishNeutral
AUDCAD0.8982BearishNeutral
CADJPY85.88BullishNeutral
at 8:41 PM

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