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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.

Monday, September 21, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4715BearishNeutral
USDJPY91.72BullishBullish
GBPUSD1.6251BullishNeutral
USDCHF1.0296BullishNeutral
AUDUSD0.8687BearishNeutral
USDCAD1.0748BearishNeutral
EURJPY134.97BullishNeutral
EURGBP0.9055BearishNeutral
EURCHF1.5151BullishNeutral
EURAUD1.6939BullishNeutral
EURCAD1.5816BearishNeutral
GBPJPY149.05BullishNeutral
GBPCHF1.6732BullishNeutral
GBPAUD 1.8707BullishNeutral
GBPCAD1.7467BullishNeutral
CHFJPY89.08NeutralNeutral
AUDJPY79.68BearishNeutral
AUDCHF0.8944BearishNeutral
AUDCAD0.9337BearishNeutral
CADJPY85.34BullishNeutral
at 10:29 PM

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