Forex Trading Signals – December 5, 2017
You’re watching the Primary Daily Trading Signals for Tuesday. Let’s see how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar has neutral models prevailing in all three time ranges, with 5 in the short-term, 4 in the mid-term and 6 in the long-term, but, in contrast, the sentiment is bullish at more than 15% long. Bearish signals prevail on the Cable’s 1 and 4-hour charts. The 24-hour scale turns bullish with 4 studies, but the technical models are not supported by the interbank, which is neutral at less than 4% long.
Dollar/Yen has neutral models dominating on its short and mid-term charts. The daily outlook is divided between green and neutral indicators, but, once again, the technicals are not confirmed by the more than 22% long interbank.
6 studies point South on Pound/Yen’s hourly chart. The 4-hour scale is split between red and neutral models, and the 24-hour chart sees 5 buy prompts, but the interbank is neutral at less than 6% long and does not match the technicals.
And Euro/Yen sees 5 and 6 neutral models on its short and mid-term charts, respectively. The long-term scale is divided between green and neutral indicators. As to the interbank, it is bullish at more than 19% long and does not support the signals.