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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 16, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4711BearishNeutral
USDJPY91.02BullishBullish
GBPUSD1.6472BullishNeutral
USDCHF1.0318BullishNeutral
AUDUSD0.8736BearishNeutral
USDCAD1.0668BearishNeutral
EURJPY133.90BullishNeutral
EURGBP0.8931BearishNeutral
EURCHF1.5179BullishNeutral
EURAUD1.6840BullishNeutral
EURCAD1.5694BearishNeutral
GBPJPY149.93BullishNeutral
GBPCHF1.6996BullishNeutral
GBPAUD 1.8855BullishNeutral
GBPCAD1.7572BullishNeutral
CHFJPY88.21BullishNeutral
AUDJPY79.52BearishNeutral
AUDCHF0.9014BearishNeutral
AUDCAD0.9320BearishNeutral
CADJPY85.32BullishNeutral
at 9:43 PM

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