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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 9, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4979BullishNeutral
USDJPY89.98NeutralNeutral
GBPUSD1.6754BearishNeutral
USDCHF1.0089BearishNeutral
AUDUSD0.9290NeutralNeutral
USDCAD1.0568BearishBearish
EURJPY134.78BullishNeutral
EURGBP0.8941BullishNeutral
EURCHF1.5112BullishNeutral
EURAUD1.6124BullishNeutral
EURCAD1.5830NeutralNeutral
GBPJPY150.75BearishNeutral
GBPCHF1.6903BearishNeutral
GBPAUD 1.8034BearishNeutral
GBPCAD1.7706BearishNeutral
CHFJPY89.19NeutralNeutral
AUDJPY83.59NeutralNeutral
AUDCHF0.9373BearishNeutral
AUDCAD0.9818BearishNeutral
CADJPY85.14BullishNeutral
at 10:06 PM

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