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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 16, 2009

Bullish signal for USDJPY, AUDUSD, AUDJPY and CADJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4112BullishNeutral
USDJPY93.69BullishBullish
GBPUSD1.6375NeutralNeutral
USDCHF1.0754NeutralNeutral
AUDUSD0.8011BullishBullish
USDCAD1.1181NeutralBearish
EURJPY132.22BullishNeutral
EURGBP0.8618BullishNeutral
EURCHF1.5176BullishNeutral
EURAUD1.7616BearishNeutral
EURCAD1.5779BullishNeutral
GBPJPY153.42BullishNeutral
GBPCHF1.7610BullishNeutral
GBPAUD 2.0441BearishNeutral
GBPCAD1.8309NeutralNeutral
CHFJPY87.12BullishNeutral
AUDJPY75.06BullishBullish
AUDCHF0.8615BullishNeutral
AUDCAD0.8957BullishNeutral
CADJPY83.79BullishBullish
at 8:59 PM

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