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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.

Tuesday, August 11, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4147BullishNeutral
USDJPY96.00BearishNeutral
GBPUSD1.6479BullishNeutral
USDCHF1.0816BearishNeutral
AUDUSD0.8295BullishNeutral
USDCAD1.1000NeutralNeutral
EURJPY135.81BullishNeutral
EURGBP0.8585BullishNeutral
EURCHF1.5301BullishNeutral
EURAUD1.7055BullishNeutral
EURCAD1.5562BullishNeutral
GBPJPY158.20BullishNeutral
GBPCHF1.7824BearishNeutral
GBPAUD 1.9866NeutralNeutral
GBPCAD1.8127BullishNeutral
CHFJPY88.76BullishNeutral
AUDJPY79.63NeutralNeutral
AUDCHF0.8972BearishNeutral
AUDCAD0.9125BullishNeutral
CADJPY87.27BearishNeutral
at 7:35 PM

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