Forex Trading Signals – December 20, 2017

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

Euro/Dollar sees 4 neutral signals in the short-term. The mid-term is mostly bullish, and the long-term sees a mix of red and neutral models. Neutral at less than 11% long, the interbank confirms the 1-hour studies.

Next up is the Cable with 5 neutral models on its hourly chart. The 4-hour scale is split between green and neutral technicals, and the 24-hour chart is back to neutral with 5 studies. The interbank is neutral as well at less than 6% short, matching the 1 and 24-hour models.

Dollar/Yen is overwhelmingly bullish in the short and mid-term, with 8 and 7 buy prompts, respectively. The daily outlook is mostly neutral, but the interbank indeed is bullish at more than 18% long, backing up the 1 and 4-hour models.

Pound/Yen also has green signals prevailing on its short and mid-term charts, but the 24-hour scale turns neutral with 5 studies, and it is supported by the less than 2% long interbank stance.

And Euro/Yen is yet another pair with bullish models dominating on its 1 and 4-hour charts. The 24-hour scale brings 5 neutral indicators, in line with the less than 11% long interbank sentiment.