Forex Trading Signals – August 02, 2017

Good morning, traders, the team is here with the Main Daily Trading Signals for Wednesday.

There’s green across the table for the Euro/Dollar, which sees 4 buy prompts in the short-term and 5 in both the mid and long-term, and they indeed are in line with the more than 20% long interbank. The Cable also has bullish signals prevailing in all three time ranges, with 4 green models in the short-term, 7 in the mid-term and no less than 8 in the long-term, but, in contrast, the interbank is neutral at 13% short.

Next up is the Dollar/Yen with 6 and 5 bullish signals on its 1 and 4-hour charts, respectively. Bearish models prevail on the 24-hour chart, but, in contrast, the interbank is neutral at 2% long. Pound/Yen is overwhelmingly bullish in the short and mid-term, but the daily outlook turns neutral with 6 studies, and it matches the less than 11% long interbank.

And Euro/Yen also has green models dominating on its short and mid-term charts. The long-term scale brings 4 neutral signals, but the technicals are not supported by the interbank, which is bearish at more than 27% short.