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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 15, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4670BearishNeutral
USDJPY90.86BullishBullish
GBPUSD1.6493BullishNeutral
USDCHF1.0336BullishNeutral
AUDUSD0.8642BearishNeutral
USDCAD1.0722BearishNeutral
EURJPY133.29BullishNeutral
EURGBP0.8895BearishNeutral
EURCHF1.5163BullishNeutral
EURAUD1.6975BullishNeutral
EURCAD1.5729BearishNeutral
GBPJPY149.86BullishNeutral
GBPCHF1.7047BullishNeutral
GBPAUD 1.9085BullishNeutral
GBPCAD1.7684NeutralNeutral
CHFJPY87.91BullishNeutral
AUDJPY78.52NeutralNeutral
AUDCHF0.8932BearishNeutral
AUDCAD0.9266BearishNeutral
CADJPY84.74BullishNeutral
at 7:22 PM

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