Forex Trading Signals – August 30, 2017

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals.

Euro/Dollar sees a somewhat contradicting mix of red and green signals in the short-term. The mid-term brings 5 neutral models, and the daily outlook is overwhelmingly bullish with 7 studies, matching the more than 19% long interbank.

5 studies predict no major price changes on the Cable’s 1 and 4-hour scales, while the 24-hour chart is split between green and neutral signals but, in contrast, the interbank is strongly bearish at more than 34% short.

Bullish signals prevail on Dollar/Yen’s short and mid-term charts. The daily scale turns neutral with 5 models, but the technicals are not supported by the interbank, which is bearish at more than 36% short.

Next up is the Pound/Yen with 7 buy prompts on both its short and mid-term charts. The long-term scale sees a mix of green and neutral signals, but the interbank is neutral at less than 10% short, and it does not confirm the technicals.

And Euro/Yen’s hourly chart is divided between green and neutral studies. The 4 and 24-hour scales turn bullish with 5 and 7 studies, respectively, and they are supported by the more than 25% long interbank.