Forex Trading Signals – August 18, 2017

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

The first pair for this report is the Euro/Dollar with 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is split between red and neutral signals, but the interbank is neutral at less than 12% long, and it confirms the short and mid-term studies.

All three time ranges bring different results for the Cable, which is mostly bullish in the short-term. The mid-term brings 5 neutral signals, and the long-term turns overwhelmingly bearish with 7 studies, matching the more than 35% short interbank sentiment.

There’s red across the table for the Dollar/Yen, which sees 7 sell prompts on both its short and mid-term charts and 4 bearish models on its long-term scale, and they indeed are in line with the more than 37% short interbank stance.

Pound/Yen also has bearish signals prevailing in all three time ranges, with 5 red models in the short-term, 6 in the mid-term and 7 in the long-term but, in contrast, the interbank is actually neutral at less than 1% long.

And Euro/Yen is yet another Yen pair that has bearish models dominating across the chart, with 6 sell prompts in both the short and mid-term and 5 in the long-term, but the interbank points strongly in the opposite direction, being bearish at more than 33% long.