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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, November 8, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4893BullishNeutral
USDJPY90.08NeutralNeutral
GBPUSD1.6666BearishNeutral
USDCHF1.0147NeutralNeutral
AUDUSD0.9243BearishNeutral
USDCAD1.0707BearishBearish
EURJPY134.16BullishNeutral
EURGBP0.8936BullishNeutral
EURCHF1.5112BullishNeutral
EURAUD1.6113BullishNeutral
EURCAD1.5946BearishNeutral
GBPJPY150.13BearishNeutral
GBPCHF1.6911BearishNeutral
GBPAUD 1.8031BearishNeutral
GBPCAD1.7844BearishNeutral
CHFJPY88.78NeutralNeutral
AUDJPY83.26BearishNeutral
AUDCHF0.9379BearishNeutral
AUDCAD0.9896BearishNeutral
CADJPY84.13BullishNeutral
at 10:35 PM

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