Forex Trading Signals – December 18, 2017

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

First up is the Euro/Dollar with 6 buy prompts in the short-term. The mid-term sees 6 neutral models, and the daily outlook is split between red and neutral studies. Neutral at less than 8% long, the interbank confirms the 4-hour studies.

All three time ranges bring different results for the Cable, which is mostly bullish in the short-term. The mid-term sees 6 neutral signals, and the long-term brings 5 sell prompts. The interbank is neutral at less than 4% short, and it supports the 4-hour models.

Dollar/Yen has neutral signals prevailing in all three time ranges, with 5 in the short-term and 4 in both the mid and long-term, and the interbank is neutral as well at less than 13% long, matching the technicals. 6 studies point North on Pound/Yen’s hourly chart. The 4 and 24-hour charts are mostly bearish, but, in contrast, the interbank is actually neutral at less than 8% long.

And all 8 studies are bullish on Euro/Yen’s short-term chart. The mid-term is mostly neutral, and the long-term turns bearish with 4 studies, but the interbank is bullish at more than 38% long, in line with the 1-hour models.