Forex Trading Signals – August 03, 2017

These are the Main Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT.

Euro/Dollar is mostly neutral in the short-term. The mid-term is divided between green and neutral models, but the daily outlook is overwhelmingly bullish with 7 studies, and it matches the more than 18% long interbank stance.

Pound/Dollar has bullish signals prevailing across the table, with 4 buy prompts in the short-term, 5 in the mid-term and 6 in the long-term, but, in contrast, the interbank is neutral at less than 13% short.

Neutral models dominate across all three time ranges for the Dollar/Yen, with 4 signals in the short-term, 6 in the mid-term and 5 in the long-term, and they indeed are backed up by the less than 10% long interbank.

Pound/Yen sees 5 neutral studies on its hourly chart. The 4-hour scale is split between green and neutral models, and the 24-hour chart brings 4 buy prompts. Neutral at less than 5% short, the interbank confirms the 1-hour models.
And neutral signals prevail on Euro/Yen’s short and mid-term charts, whereas the daily scale brings no less than 7 bullish models, and it is backed up by the more than 24% long interbank.