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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, November 2, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4796BullishNeutral
USDJPY90.39NeutralNeutral
GBPUSD1.6389BearishNeutral
USDCHF1.0204BearishNeutral
AUDUSD0.9079BearishNeutral
USDCAD1.0765BearishBearish
EURJPY133.74BullishNeutral
EURGBP0.9028BullishNeutral
EURCHF1.5098BullishNeutral
EURAUD1.6297BullishNeutral
EURCAD1.5928BearishNeutral
GBPJPY148.14BearishNeutral
GBPCHF1.6723BearishNeutral
GBPAUD 1.8052BearishNeutral
GBPCAD1.7643BearishNeutral
CHFJPY88.58NeutralNeutral
AUDJPY82.07BearishNeutral
AUDCHF0.9264BearishNeutral
AUDCAD0.9774BearishNeutral
CADJPY83.97BullishNeutral
at 10:16 PM

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