Forex Trading Signals – August 08, 2017

You’re watching the Main Daily Trading Signals for Tuesday. Here’s how the technicals line up with the interbank at 8 AM GMT.

5 studies point North on Euro/Dollar’s short-term chart. The mid-term is mostly neutral, and the daily outlook sees a mix of green and neutral signals. Bullish at more than 19% long, the interbank confirms the 1-hour models.

The Cable has neutral models prevailing in the short-term. The mid-term brings 5 sell prompts, and the long-term is divided between red and neutral models. As to the interbank, it is bearish at more than 16% short, and it matches the 4-hour studies.

Dollar/Yen’s hourly chart is split between red and neutral models, whereas the mid and long-term scales turn neutral with 4 and 5 studies, respectively, in line with the less than 13% long interbank sentiment.

Pound/Yen sees a contradicting mix of sell and buy prompts in the short-term, while the 4 and 24-hour scales bring 7 and 5 bearish models, respectively. In contrast, the interbank is neutral at less than 12% long.

And Euro/Yen’s hourly chart sees 3 red and 3 neutral signals. The mid-term brings 5 neutral models, and the long-term turns bullish with 6 studies, matching the more than 23% long interbank.