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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.

Sunday, October 11, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4700BearishNeutral
USDJPY90.08BearishBullish
GBPUSD1.5829BullishNeutral
USDCHF1.0330BullishNeutral
AUDUSD0.9027BearishNeutral
USDCAD1.0430BullishNeutral
EURJPY132.42BearishNeutral
EURGBP0.9287BearishNeutral
EURCHF1.5185NeutralNeutral
EURAUD1.6284BullishNeutral
EURCAD1.5332BullishNeutral
GBPJPY142.59NeutralNeutral
GBPCHF1.6351BullishNeutral
GBPAUD 1.7535BullishNeutral
GBPCAD1.6510BullishNeutral
CHFJPY87.20BearishNeutral
AUDJPY81.32BearishNeutral
AUDCHF0.9325BearishNeutral
AUDCAD0.9415BearishNeutral
CADJPY86.37BearishNeutral
at 11:36 PM

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