Forex Trading Signals – August 22, 2017

You’re watching the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT.

Euro/Dollar sees bearish models prevailing in the short-term, but the mid and long-term scales turn neutral with 5 and 4 studies, respectively, and they are in line with the less than 14% long interbank.

5 studies point South on the Cable’s hourly chart. The mid-term is mostly neutral, and the daily outlook is split between red and neutral models. As to the interbank, it is strongly bearish at more than 36% short, matching the short-term technicals.

All three time ranges bring different results for the Dollar/Yen, which is mostly bullish in the short-term and neutral in the mid-term. The long-term scale turns overwhelmingly bearish with 7 studies, and it’s confirmed by the more than 36% short interbank.

Pound/Yen sees 6 and 5 neutral signals on its 1 and 4-hour charts, respectively. The 24-hour scale brings 6 sell prompts, but the interbank is neutral at less than 8% short, matching the short and mid-term studies.
And neutral signals prevail on Euro/Yen’s hourly chart. The mid-term sees 4 bullish signals, and the long-term is divided between red and neutral models. Bullish at more than 18% long, the interbank confirms the 4-hour studies.