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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.

Sunday, July 19, 2009

Bullish signal for USDJPY, AUDUSD, AUDJPY and CADJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4143BullishNeutral
USDJPY94.42BullishBullish
GBPUSD1.6371NeutralNeutral
USDCHF1.0747BullishNeutral
AUDUSD0.8051BullishBullish
USDCAD1.1120NeutralBearish
EURJPY133.54BullishNeutral
EURGBP0.8639BullishNeutral
EURCHF1.5199BullishNeutral
EURAUD1.7567BearishNeutral
EURCAD1.5727BullishNeutral
GBPJPY154.57BullishNeutral
GBPCHF1.7594BullishNeutral
GBPAUD 2.0334BearishNeutral
GBPCAD1.8205NeutralNeutral
CHFJPY87.86BullishNeutral
AUDJPY76.02BullishBullish
AUDCHF0.8652BullishNeutral
AUDCAD0.8953BullishNeutral
CADJPY84.91BullishBullish
at 8:43 PM

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