Forex Trading Signals – August 21, 2017

These are the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT.

Bearish models prevail on Euro/Dollar’s hourly chart, but the 4 and 24-hour scales turn neutral with 5 and 6 studies, respectively, and they are in line with the less than 12% long interbank.

The Cable sees 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The daily outlook brings 6 sell prompts, and it matches the more than 33% short interbank.

There’s red across the table for the Dollar/Yen, which sees no less than 7 sell prompts in the short-term and 5 bearish models in both the mid and long-term, and the technicals indeed are supported by the more than 32% short interbank.
Pound/Yen also sees bearish signals prevailing in all three time ranges, with 6 red models in both the short and long-term and 5 in the mid-term, but the technicals are not supported by the interbank, which is neutral at less than 9% short.

And Euro/Yen is another Yen pair which is mostly bearish across the chart, with 7 sell prompts in the short-term, 4 in the mid-term and 5 in the long-term, but the interbank actually points in the other direction, as it’s bullish at more than 16% long.