Forex Trading Signals – August 16, 2017

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

Euro/Dollar sees a mix of red and neutral models on both its short and long-term charts, whereas the mid-term chart is overwhelmingly bearish with 7 studies but, in contrast, the interbank is actually neutral at less than 14% long.

The Cable has bearish models prevailing in all three time ranges, with 4 sell prompts in the short-term and 6 in both the mid and long-term, and they indeed are in line with the more than 34% short interbank.

Bullish signals dominate on Dollar/Yen’s 1 and 4-hour charts, whereas the 24-hour scale brings 6 neutral models. As to the interbank, it is bearish at more than 33% short and does not support the technicals.

All three time ranges bring different results for the Pound/Yen, which is mostly bullish in the short-term. The mid-term brings 5 neutral models, and the long-term sees 5 bearish signals. Neutral at 2% short, the interbank confirms the 4-hour models.

And Euro/Yen sees 4 neutral signals in the short-term. The mid-term is overwhelmingly bullish, and the long-term is back to neutral. The interbank is neutral as well at less than 9% long, and it matches the 1 and 24-hour models.