Forex Trading Signals – August 29, 2017

Celeste Skinner
Forex

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.

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