Forex Trading Signals – January 02, 2018

Hello, traders, let’s find out how the interbank compares with the technicals on this first trading day of the year.

There’s green across the table for the Euro/Dollar, which sees 7 buy prompts in the short-term and 6 green models in both the mid and long-term, and the technicals indeed are in line with the more than 17% long interbank.

The Cable also has bullish models prevailing on all three time ranges, with 7 green models on both its 1 and 4-hour charts and 6 bullish signals on its 24-hour scale, but, in contrast, the interbank is neutral at less than 5% short.

Neutral models dominate on Dollar/Yen’s hourly chart. The mid and long-term scales see 5 and 4 bearish signals, respectively, but the interbank points in the other direction, being bullish at more than 17% long.

Pound/Yen sees exactly 7 buy prompts on its short, mid and long-term charts, but the remarkably bullish technicals are not supported by the interbank, which is neutral at less than 8% short.

And Euro/Yen also is overwhelmingly bullish in all three time ranges, with 7 green signals in the short, mid and long-term. The interbank is strongly bullish as well at more than 40% long, and it matches the technicals.