Forex Trading Signals – December 27, 2017

These are the Main 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 5 and 4 neutral models on its short and mid-term charts, respectively. The daily outlook is split between green and neutral studies, but the interbank is neutral at less than 15% long, and it supports the 1 and 4-hour models. Bullish signals prevail on the Cable’s short and mid-term charts.

The long-term scale brings 5 neutral models, matching the less than 10% short interbank. 4 studies point South on Dollar/Yen’s 1-hour chart. The mid-term sees a mix of sell and neutral prompts, and the long-term is mostly neutral but, in contrast, the interbank is bullish at more than 21% long.

Pound/Yen’s hourly chart is divided between green and neutral models. The 4-hour scale sees 4 buy prompts, and the 24-hour chart turns neutral with 5 studies, backing up the less than 13% short interbank sentiment.

And Euro/Yen has neutral signals prevailing in all three time ranges, with 5 in both the short and long-term and 6 in the mid-term, but the technicals are not supported by the interbank, which is bullish at more than 21% long.