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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, July 27, 2009

Bullish signal for USDJPY and AUDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4235BullishNeutral
USDJPY95.21BullishBullish
GBPUSD1.6476BearishNeutral
USDCHF1.0705BullishNeutral
AUDUSD0.8221NeutralBullish
USDCAD1.0804BullishNeutral
EURJPY135.53BullishNeutral
EURGBP0.8640BullishNeutral
EURCHF1.5239BullishNeutral
EURAUD1.7315NeutralNeutral
EURCAD1.5379BullishNeutral
GBPJPY156.87BullishNeutral
GBPCHF1.7638BullishNeutral
GBPAUD 2.0041BearishNeutral
GBPCAD1.7801BullishNeutral
CHFJPY88.94BullishNeutral
AUDJPY78.27BullishBullish
AUDCHF0.8801BullishNeutral
AUDCAD0.8882BullishNeutral
CADJPY88.12BullishNeutral
at 7:39 PM

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