Custom Search

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.

Tuesday, November 3, 2009

Bullish signal for AUDUSD, Bearish for USDCAD



PairsSpotSpot vs Model Market Sentiment Index
EURUSD1.4714BullishNeutral
USDJPY90.15NeutralNeutral
GBPUSD1.6416BearishNeutral
USDCHF1.0267BearishNeutral
AUDUSD0.8996BullishBullish
USDCAD1.0672BearishBearish
EURJPY132.65BullishNeutral
EURGBP0.8963BullishNeutral
EURCHF1.5107BullishNeutral
EURAUD1.6356BullishNeutral
EURCAD1.5703BullishNeutral
GBPJPY147.99BearishNeutral
GBPCHF1.6854BearishNeutral
GBPAUD 1.8248BearishNeutral
GBPCAD1.7519BearishNeutral
CHFJPY87.81BullishNeutral
AUDJPY81.10BullishNeutral
AUDCHF0.9236NeutralNeutral
AUDCAD0.9601BearishNeutral
CADJPY84.47BullishNeutral
at 10:18 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)