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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 23, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4722BearishNeutral
USDJPY91.16BullishBullish
GBPUSD1.6343BullishNeutral
USDCHF1.0270BullishNeutral
AUDUSD0.8693BearishNeutral
USDCAD1.0744BearishNeutral
EURJPY134.21BullishNeutral
EURGBP0.9008BearishNeutral
EURCHF1.5119BullishNeutral
EURAUD1.6935BullishNeutral
EURCAD1.5817BearishNeutral
GBPJPY148.98BullishNeutral
GBPCHF1.6784BullishNeutral
GBPAUD 1.8800BullishNeutral
GBPCAD1.7559BullishNeutral
CHFJPY88.76NeutralNeutral
AUDJPY79.25NeutralNeutral
AUDCHF0.8928BearishNeutral
AUDCAD0.9340BearishNeutral
CADJPY84.85BullishNeutral
at 10:50 PM

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