Forex Trading Signals – August 28, 2017

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

Euro/Dollar sees 6 neutral models in the short-term, whereas the mid and long-term scales turn bullish with 4 and 8 studies, respectively, and they are supported by the more than 18% long interbank.

Next up is the Cable with 4 neutral signals in the short-term. The mid-term is split between green and neutral models, and the daily outlook is back to neutral but, in contrast, the interbank is strongly bearish at more than 41% short.

5 studies predict no major price changes on Dollar/Yen’s hourly chart. The mid-term sees 4 sell prompts, and the long-term chart is back to neutral. The interbank is bearish at more than 29% short, and it confirms the 4-hour studies.

Pound/Yen sees exactly 5 neutral models on both its 1 and 4-hour charts. The 24-hour chart is divided between sell and neutral prompts, but the interbank is neutral at less than 10% short, in line with the short and mid-term studies.

And neutral models prevail on Euro/Yen’s hourly chart. The mid and long-term scales turn bullish with 4 and 7 studies, respectively, and they are backed up by the more than 17% long interbank.