Forex Trading Signals – August 17, 2017

Good morning traders, you’re watching the Main Daily Trading Signals for Thursday.

Bearish models prevail on Euro/Dollar’s hourly chart. The mid and long-term scales turn neutral with 4 and 5 studies, respectively, matching the less than 13% long interbank sentiment.

The Cable has neutral models dominating on its 1 and 4-hour charts, whereas the 24-hour scale is overwhelmingly bearish with no less than 7 sell prompts, and it is in line with the more than 36% short interbank.

Dollar/Yen sees exactly 4 bearish signals on both its short and mid-term charts. The daily outlook is mostly neutral, but the interbank is bearish at more than 21% short, and it supports the 1 and 4-hour models.

There’s red across the table for the Pound/Yen, which sees 4 sell prompts in the short-term and 6 bearish signals in both the mid and long-term, but, in contrast, the interbank is neutral at less than 1% short.

And Euro/Yen sees 5 and 6 bearish models on its short and mid-term charts, respectively. The daily chart brings 4 neutral signals, but the technicals are not confirmed by the interbank, which is bullish at more than 31% long.