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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 15, 2009

Bearish signal for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4958BullishNeutral
USDJPY89.51NeutralNeutral
GBPUSD1.6714BearishNeutral
USDCHF1.0089BearishNeutral
AUDUSD0.9343NeutralNeutral
USDCAD1.0495BearishBearish
EURJPY133.89BullishNeutral
EURGBP0.8949BullishNeutral
EURCHF1.5091BullishNeutral
EURAUD1.6010BullishNeutral
EURCAD1.5698BullishNeutral
GBPJPY149.61BearishNeutral
GBPCHF1.6863BearishNeutral
GBPAUD 1.7889BearishNeutral
GBPCAD1.7541BearishNeutral
CHFJPY88.72BullishNeutral
AUDJPY83.63NeutralNeutral
AUDCHF0.9426BearishNeutral
AUDCAD0.9805BearishNeutral
CADJPY85.29BullishNeutral
at 10:36 PM

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