Forex Trading Signals – August 04, 2017

Good morning traders, the team brings you Friday’s Main Daily Trading Signals.

There’s green across the table for the Euro/Dollar, which sees 5 buy prompts in both the short and long-term and 4 bullish models in the mid-term, and the technicals indeed are in line with the more than 19% long interbank.
5 studies point North on the Cable’s hourly chart, whereas the 4 and 24-hour scales see 5 neutral signals each. In contrast, the interbank is bearish at more than 15% short.

Dollar/Yen sees 5 neutral models on its short-term chart. The mid and long-term scales turn bearish with 5 and 6 studies, respectively, but the interbank is neutral at less than 7% long, matching the 1-hour models.

Pound/Yen’s hourly chart is split between green and neutral models. The 4 and 24-hour scales bring 5 and 4 neutral studies, respectively, and they are supported by the less than 4% long interbank.

And Euro/Yen’s short-term scale is divided between buy and neutral prompts. The mid-term is mostly neutral, and the long-term sees a contradicting mix of bearish and bullish signals, but the technicals are not in line with the interbank, which is clearly bullish at more than 34% long.