Forex Trading Signals – December 06, 2017

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

First up is the Euro/Dollar with 6 neutral models in the short-term. The mid-term brings 5 bearish signals, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than 15% long.

Bearish signals prevail on the Cable’s 1 and 4-hour charts. The 24-hour scale brings 6 neutral indicators, matching the less than 1% long interbank sentiment.

Dollar/Yen sees 5 sell prompts on both its short and mid-term charts, whereas the daily outlook turns neutral with 5 models, but the technicals are not supported by the interbank, which is bullish at more than 21% long.

Next up is the Pound/Yen with 6 and 5 bearish signals on its 1 and 4-hour scales, respectively. The 24-hour chart brings 6 neutral studies, and it is confirmed by the less than 7% long interbank.

And Euro/Yen has bearish models prevailing in the short and mid-term. The daily chart sees 6 neutral indicators, but the interbank is bullish at more than 25% long and does not match the technicals.