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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, August 13, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4293BullishNeutral
USDJPY95.40NeutralNeutral
GBPUSD1.6595BullishNeutral
USDCHF1.0695BearishNeutral
AUDUSD0.8459BearishNeutral
USDCAD1.0850BullishNeutral
EURJPY136.36BullishNeutral
EURGBP0.8613BullishNeutral
EURCHF1.5286BullishNeutral
EURAUD1.6897BullishNeutral
EURCAD1.5508BullishNeutral
GBPJPY158.32NeutralNeutral
GBPCHF1.7748BearishNeutral
GBPAUD 1.9618BullishNeutral
GBPCAD1.8006BullishNeutral
CHFJPY89.20BullishNeutral
AUDJPY80.70BearishNeutral
AUDCHF0.9047BearishNeutral
AUDCAD0.9178BullishNeutral
CADJPY87.93BearishNeutral
at 7:16 PM

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