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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, August 9, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4198BullishNeutral
USDJPY97.29BearishNeutral
GBPUSD1.6706NeutralNeutral
USDCHF1.0809BearishNeutral
AUDUSD0.8391NeutralNeutral
USDCAD1.0817BullishNeutral
EURJPY138.13BullishNeutral
EURGBP0.8499BullishNeutral
EURCHF1.5347NeutralNeutral
EURAUD1.6921BullishNeutral
EURCAD1.5358BullishNeutral
GBPJPY162.53BearishNeutral
GBPCHF1.8058BearishNeutral
GBPAUD 1.9909NeutralNeutral
GBPCAD1.8071BullishNeutral
CHFJPY90.01NeutralNeutral
AUDJPY81.64BearishNeutral
AUDCHF0.9070BearishNeutral
AUDCAD0.9077BullishNeutral
CADJPY89.94BearishNeutral
at 11:21 PM

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