Forex Trading Signals – August 29, 2017

Celeste Skinner

Good morning, traders, the Dukascopy TV team brings you the Main Daily Trading Signals for Tuesday.

It’s a sea of green for the Euro/Dollar which sees no less than 8 bullish models in both the short and mid-term and 6 buy prompts in the long-term, and the technicals indeed are in line with the more than 21% long interbank.

Next up is the Cable, and it’s also overwhelmingly bullish on its short and mid-term charts. The daily outlook sees 6 neutral models but, in a rather marked contrast, the interbank is actually bearish at more than 38% short.

Dollar/Yen, on the other hand, has bearish signals prevailing in all three time ranges, with 6 on both its 1 and 4-hour charts and 4 on its 24-hour scale. The interbank is bearish as well at more than 33% short, and it matches the technicals.

Pound/Yen sees 5 and 6 neutral signals on its short and mid-term charts, respectively. The long-term scale is divided between sell and buy prompts, but the interbank is neutral at 11% short, in line with the 1 and 4-hour studies.

And Euro/Yen is yet another Common Currency pair that has bullish signals prevailing in all three time ranges, with 5 buy prompts in both the short and mid-term and 4 in the long-term. The interbank is bullish as well at more than 30% long, and it supports the technicals.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.