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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, September 8, 2009

Bullish signal for GBPUSD and GBPJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4491BullishNeutral
USDJPY92.38BullishNeutral
GBPUSD1.6522BullishBullish
USDCHF1.0459NeutralNeutral
AUDUSD0.8601BearishNeutral
USDCAD1.0773BearishNeutral
EURJPY133.87BullishNeutral
EURGBP0.8771NeutralNeutral
EURCHF1.5156BullishNeutral
EURAUD1.6848BullishNeutral
EURCAD1.5611BearishNeutral
GBPJPY152.63BullishBullish
GBPCHF1.7280BullishNeutral
GBPAUD 1.9209BullishNeutral
GBPCAD1.7799BearishNeutral
CHFJPY88.33BullishNeutral
AUDJPY79.46BearishNeutral
AUDCHF0.8996BearishNeutral
AUDCAD0.9266BearishNeutral
CADJPY85.75BullishNeutral
at 9:54 PM

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