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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.

Thursday, July 23, 2009

Bullish signal for USDJPY, AUDUSD and AUDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4163BullishNeutral
USDJPY95.08BullishBullish
GBPUSD1.6516BearishNeutral
USDCHF1.0736BullishNeutral
AUDUSD0.8144BullishBullish
USDCAD1.0883BullishNeutral
EURJPY134.66BullishNeutral
EURGBP0.8575BullishNeutral
EURCHF1.5205BullishNeutral
EURAUD1.7391BearishNeutral
EURCAD1.5414BullishNeutral
GBPJPY157.03BullishNeutral
GBPCHF1.7732NeutralNeutral
GBPAUD 2.0280BearishNeutral
GBPCAD1.7974BullishNeutral
CHFJPY88.56BullishNeutral
AUDJPY77.43BullishBullish
AUDCHF0.8743BullishNeutral
AUDCAD0.8863BullishNeutral
CADJPY87.37BullishNeutral
at 7:30 PM

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