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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 24, 2009

Bullish signal for USDJPY



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4625NeutralNeutral
USDJPY90.77BullishBullish
GBPUSD1.5927BullishNeutral
USDCHF1.0310BullishNeutral
AUDUSD0.8612BearishNeutral
USDCAD1.0914BearishNeutral
EURJPY132.75BullishNeutral
EURGBP0.9183BearishNeutral
EURCHF1.5078BullishNeutral
EURAUD1.6982BullishNeutral
EURCAD1.5962BearishNeutral
GBPJPY144.57BullishNeutral
GBPCHF1.6421BullishNeutral
GBPAUD 1.8494BullishNeutral
GBPCAD1.7383BullishNeutral
CHFJPY88.04BullishNeutral
AUDJPY78.17BullishNeutral
AUDCHF0.8879NeutralNeutral
AUDCAD0.9399BearishNeutral
CADJPY83.17BullishNeutral
at 8:57 PM

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