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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 16, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3807BullishNeutral
USDJPY96.17BullishBullish
GBPUSD1.6353BearishNeutral
USDCHF1.0903BullishNeutral
AUDUSD0.7885BearishNeutral
USDCAD1.1360NeutralNeutral
EURJPY132.78BullishNeutral
EURGBP0.8443BullishNeutral
EURCHF1.5054BullishNeutral
EURAUD1.7510BullishNeutral
EURCAD1.5685BullishNeutral
GBPJPY157.27BearishNeutral
GBPCHF1.7830BearishNeutral
GBPAUD 2.0739BearishNeutral
GBPCAD1.8577BearishNeutral
CHFJPY88.21BullishNeutral
AUDJPY75.83NeutralNeutral
AUDCHF0.8597BearishNeutral
AUDCAD0.8957BearishNeutral
CADJPY84.66BullishNeutral
at 7:44 PM

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