Forex Trading Signals – January 04, 2018

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

5 studies point North on Euro/Dollar’s hourly chart. The mid-term sees a mix of red and neutral signals, and the daily outlook is mostly bearish, but the interbank is bullish at more than 20% long and supports the short-term studies.

Next up is the Cable with 5 neutral signals in the short-term, 4 sell prompts in the mid-term and 4 bullish models in the long-term. The interbank is neutral as both sides are at a balance, and it backs up the 1-hour models.

Neutral models prevail on Dollar/Yen’s short-term chart. The mid-term is split between green and neutral signals, and the daily chart turns red with 4 models but, in contrast, the interbank is bullish at more than 21% long.

Pound/Yen has 5 neutral signals on both its short and mid-term charts. The long-term scale is divided between green and neutral models, but the interbank is neutral at less than 12% long, matching the 1 and 4-hour studies.

And Euro/Yen sees 6 buy prompts on its hourly chart. The mid-term brings a contradicting mix of green and red signals, and the long-term is split between green and neutral signals. Bullish at more than 48% long, the interbank confirms the short-term studies.