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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 30, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4005BullishNeutral
USDJPY96.78BullishNeutral
GBPUSD1.6415NeutralNeutral
USDCHF1.0881BearishNeutral
AUDUSD0.8053BullishNeutral
USDCAD1.1646BearishNeutral
EURJPY135.54BullishNeutral
EURGBP0.8532BullishNeutral
EURCHF1.5239BullishNeutral
EURAUD1.7391NeutralNeutral
EURCAD1.6310BearishNeutral
GBPJPY158.86BullishNeutral
GBPCHF1.7861BearishNeutral
GBPAUD 2.0384BearishNeutral
GBPCAD1.9117BearishNeutral
CHFJPY88.94BullishNeutral
AUDJPY77.94BullishNeutral
AUDCHF0.8762BullishNeutral
AUDCAD0.9379BearishNeutral
CADJPY83.10BullishNeutral
at 7:24 PM

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