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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, November 5, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4858BullishNeutral
USDJPY90.63BearishNeutral
GBPUSD1.6574BearishNeutral
USDCHF1.0167BearishNeutral
AUDUSD0.9114NeutralNeutral
USDCAD1.0660BearishBearish
EURJPY134.66BullishNeutral
EURGBP0.8965BullishNeutral
EURCHF1.5106BullishNeutral
EURAUD1.6302BullishNeutral
EURCAD1.5839NeutralNeutral
GBPJPY150.21BearishNeutral
GBPCHF1.6851BearishNeutral
GBPAUD 1.8185BearishNeutral
GBPCAD1.7668BearishNeutral
CHFJPY89.14NeutralNeutral
AUDJPY82.60BearishNeutral
AUDCHF0.9266BearishNeutral
AUDCAD0.9716BearishNeutral
CADJPY85.02BullishNeutral
at 10:25 PM

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