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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, July 15, 2009

Bullish signal for USDJPY, AUDUSD, AUDJPY and CADJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4096BullishNeutral
USDJPY94.27BullishBullish
GBPUSD1.6428NeutralNeutral
USDCHF1.0749BullishNeutral
AUDUSD0.8018BullishBullish
USDCAD1.1154NeutralBearish
EURJPY132.88BullishNeutral
EURGBP0.8580BullishNeutral
EURCHF1.5152BullishNeutral
EURAUD1.7580BearishNeutral
EURCAD1.5723BullishNeutral
GBPJPY154.87BullishNeutral
GBPCHF1.7658BullishNeutral
GBPAUD 2.0489BearishNeutral
GBPCAD1.8324BearishNeutral
CHFJPY87.70BullishNeutral
AUDJPY75.59BullishBullish
AUDCHF0.8619BullishNeutral
AUDCAD0.8943BullishNeutral
CADJPY84.52BullishBullish
at 8:06 PM

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