Forex Trading Signals – December 21, 2017

You’re watching the Primary Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT.

First up is the Euro/Dollar with 4 neutral models in the short-term. The mid and long-term scales turn bullish with 4 and 6 studies, respectively, but the interbank is neutral at less than 12% long, and it confirms the 1-hour studies.

There’s red across the chart for the Cable, which sees 6 sell prompts in the short-term and 4 bearish models in both the mid and long-term, but, in contrast, the interbank is neutral at less than 9% short.

Dollar/Yen sees no less than 7 bullish signals on both its 1 and 4-hour charts, and the daily outlook is mostly neutral. As to the interbank, it is bullish at more than 17% long, matching the short and mid-term models.

Next up is the Pound/Yen with 4 neutral models in the short-term. The mid-term is mostly bullish, and the long-term is back to neutral. The interbank is neutral as well at 2% long, backing up the 1 and 24-hour technicals.

And Euro/Yen has bullish signals prevailing in all three time ranges, with 5 in both the short and long-term and 7 in the mid-term, but the technicals are not quite in line with the interbank, which is neutral at 11% long.