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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, October 22, 2009

Neutral signal for all pairs



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.5025BearishNeutral
USDJPY91.58BearishNeutral
GBPUSD1.6647BearishNeutral
USDCHF1.0051BullishNeutral
AUDUSD0.9257BearishNeutral
USDCAD1.0476BullishNeutral
EURJPY137.60BearishNeutral
EURGBP0.9026BearishNeutral
EURCHF1.5102NeutralNeutral
EURAUD1.6231BullishNeutral
EURCAD1.5740BullishNeutral
GBPJPY152.45BearishNeutral
GBPCHF1.6732BullishNeutral
GBPAUD 1.7983BullishNeutral
GBPCAD1.7439BullishNeutral
CHFJPY91.12BearishNeutral
AUDJPY84.78BearishNeutral
AUDCHF0.9304BearishNeutral
AUDCAD0.9698BearishNeutral
CADJPY87.42BearishNeutral
at 10:28 PM

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