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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.

Wednesday, June 24, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.3938NeutralNeutral
USDJPY95.76BullishNeutral
GBPUSD1.6426BearishNeutral
USDCHF1.0974NeutralNeutral
AUDUSD0.7974BearishNeutral
USDCAD1.1549BearishNeutral
EURJPY133.47BullishNeutral
EURGBP0.8485BullishNeutral
EURCHF1.5296NeutralNeutral
EURAUD1.7479BullishNeutral
EURCAD1.6097BearishNeutral
GBPJPY157.30BearishNeutral
GBPCHF1.8026BearishNeutral
GBPAUD 2.0599BearishNeutral
GBPCAD1.8970BearishNeutral
CHFJPY87.26BullishNeutral
AUDJPY76.36BearishNeutral
AUDCHF0.8751BearishNeutral
AUDCAD0.9209BearishNeutral
CADJPY82.92BullishNeutral
at 7:01 PM

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