Forex Trading Signals – July 18, 2017
These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT.
There’s green across the table for the Euro/Dollar, which sees 4 buy prompts in the short-term, 6 in the mid-term and 5 in the long-term, and the technicals indeed are confirmed by the 17% long interbank sentiment.
The Cable also sees bullish signals prevailing in all three time ranges, with no less than 7 green models in the short-term, 6 in the mid-term and 4 in the long-term, but the interbank actually points in the other direction, being bearish at 26% short.
5 studies predict no major price changes on Dollar/Yen’s hourly chart. The 4-hour scale brings 5 sell prompts, and the 24-hour chart is back to neutral, but, in contrast, the interbank is strongly bullish at more than 40% long.
Neutral signals prevail across the table for the Pound/Yen, as it has 5 neutral models on both its short and long-term charts and 6 neutral indicators on its mid-term scale, and the technicals are backed up by the less than 12% long interbank.
And Euro/Yen sees 4 and 6 buy prompts on its 1 and 4-hour charts, respectively. The 24-hour scale sees a mix of red and neutral models, but the interbank is bullish at more than 32% long, and it supports the short and mid-term studies.
This article was originally posted on FX Empire