Forex Trading Signals – December 08, 2017

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

There’s red across the table for the Euro/Dollar, which sees 6 sell prompts in both the short and long-term and no less than 7 bearish signals in the mid-term, but, in contrast, the interbank is neutral at less than 12% long.

The Cable’s hourly chart is split between green and neutral models. The 4-hour scale is mostly bullish, but the 24-hour chart sees 4 neutral studies, and they are confirmed by the less than 1% long interbank.

Dollar/Yen has bullish models prevailing in all three time ranges, with 6 buy prompts in the short-term, 7 in the mid-term and 5 in the long-term, and they indeed are in line with the more than 23% long interbank.

Pound/Yen also has green signals dominating across the chart, as it sees 5 buy prompts in both the short and long-term and 7 in the mid-term, but they are not supported by the interbank, which is neutral at less than 11% long.

And Euro/Yen’s hourly chart is split between green and neutral models. The mid-term sees 4 buy prompts, and the long-term is mostly neutral. As to the interbank, it is bullish at more than 19% long, and it supports the 4-hour studies.