Forex Trading Signals – August 09, 2017

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals.

Neutral signals prevail on Euro/Dollar’s hourly chart. The mid-term sees 6 sell prompts, and the daily outlook is back to neutral with 4 models. In contrast, the interbank is bullish at more than 17% long.

Next up is the Cable with 5 buy prompts on its 1-hour chart. The 4-hour scale is split between red and neutral signals, and the 24-hour chart brings 5 bearish models, in line with the more than 17% short interbank.

There’s red across the table for the Dollar/Yen which sees 6 sell prompts on both its short and mid-term charts and 5 bearish models on its long-term scale, but the technicals are not supported by the interbank, which is neutral at less than 1% long.

4 studies predict no major price changes on Pound/Yen’s hourly chart. The mid and long-term scales see 6 bearish models each, but the interbank is neutral at less than 1% short, and it confirms the 1-hour studies.

And Euro/Yen sees a mix of red and green models in the short-term. The mid-term brings 5 bearish signals, and the daily chart is mostly neutral, but the technicals are not backed up by the interbank, which instead is bullish at more than 16% long.