Forex Trading Signals – January 05, 2018

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

All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term brings 4 neutral models, and the daily outlook is overwhelmingly bullish with 7 studies, matching the more than 21% long interbank.

Next up is the Cable with 6 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale sees 4 buy prompts, but the interbank is neutral at less than 3% short, in line with the short and mid-term technicals.

Dollar/Yen is overwhelmingly bullish in the short and mid-term, as it sees 7 and 8 buy prompts, respectively. The daily chart is mostly neutral, but the interbank sentiment is bullish at more than 18% long, and it confirms the 1 and 4-hour studies.

Pound/Yen sees a somewhat contradicting mix of red and green signals in the short-term, but the mid and long-term scales turn strongly bullish with 7 models each, and they are supported by the more than 35% long interbank.

And there’s green across the table for the Euro/Yen, which sees 5 buy prompts in the short-term and 7 in both the mid and long-term. The interbank is bullish as well at more than 48% long, matching the technicals.