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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, September 17, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4729BearishNeutral
USDJPY91.18BullishBullish
GBPUSD1.6440BullishNeutral
USDCHF1.0289BullishNeutral
AUDUSD0.8701BearishNeutral
USDCAD1.0668BearishNeutral
EURJPY134.30BullishNeutral
EURGBP0.8959BearishNeutral
EURCHF1.5155BullishNeutral
EURAUD1.6928BullishNeutral
EURCAD1.5713BearishNeutral
GBPJPY149.90BullishNeutral
GBPCHF1.6915BullishNeutral
GBPAUD 1.8894BullishNeutral
GBPCAD1.7538BullishNeutral
CHFJPY88.62NeutralNeutral
AUDJPY79.34NeutralNeutral
AUDCHF0.8952BearishNeutral
AUDCAD0.9282BearishNeutral
CADJPY85.47BullishNeutral
at 7:28 PM

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