Forex Trading Signals – August 31, 2017

These are the Main Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT.

Euro/Dollar sees 5 neutral models in the short-term. The mid-term brings 4 sell prompts, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than 16% long. Next up is the Cable with 4 and 5 bearish models on its short and mid-term charts, respectively. The long-term scale is mostly neutral, but the interbank is bearish at 34% short, and it matches the 1 and 4-hour models.

5 studies predict no major price changes on Dollar/Yen’s hourly chart. The 4-hour scale is mostly bullish, and the 24-hour chart is split between green and neutral signals, but the technicals are not supported by the interbank, as it’s bearish at more than 24% short.

Pound/Yen sees 6 and 4 neutral models on its short and mid-term charts, respectively, whereas the long-term scale brings 5 bullish signals. As to the interbank, it is neutral at less than 5% short, backing up the 1 and 4-hour studies. And last up is the Euro/Yen with 5 and 4 buy prompts on its 1 and 4-hour charts, respectively. The 24-hour scale is divided between green and neutral models, but the interbank is bullish at more than 30% long, in line with the short and mid-term technicals.