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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.

Wednesday, September 9, 2009

Bullish signal for GBPUSD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4559NeutralNeutral
USDJPY92.05BullishNeutral
GBPUSD1.6537BullishBullish
USDCHF1.0406BullishNeutral
AUDUSD0.8597BearishNeutral
USDCAD1.0787BearishNeutral
EURJPY134.02BullishNeutral
EURGBP0.8804BearishNeutral
EURCHF1.5150BullishNeutral
EURAUD1.6935BullishNeutral
EURCAD1.5705BearishNeutral
GBPJPY152.22BullishNeutral
GBPCHF1.7208BullishNeutral
GBPAUD 1.9236BullishNeutral
GBPCAD1.7838BearishNeutral
CHFJPY88.46NeutralNeutral
AUDJPY79.14NeutralNeutral
AUDCHF0.8946BearishNeutral
AUDCAD0.9274BearishNeutral
CADJPY85.33BullishNeutral
at 10:05 PM

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