Forex Trading Signals – January 08, 2018

You’re watching the Main Daily Trading Signals for Monday. Here’s how our in-house model tests out.

Euro/Dollar is overwhelmingly bearish on its short and mid-term charts, while the daily outlook turns green with 4 models, and it is supported by the more than 20% long interbank.

All three time ranges bring different results for the Cable, which is mostly bearish in the short-term. The mid-term sees 6 neutral models, and the daily chart brings 4 buy prompts. Neutral at less than 3% short, the interbank confirms the 4-hour models.

Next up is the Dollar/Yen with 7 buy prompts on both its 1 and 4-hour charts. The 24-hour scale sees 4 neutral models, but the interbank is bullish at more than 20% long, matching the 1 and 4-hour studies.

Pound/Yen sees 5 neutral studies on its short-term chart. The mid-term chart is split between green and neutral models, and the long-term scale turns bullish with 6 technicals, in line with the more than 23% long interbank sentiment.

And 5 studies point South on Euro/Yen’s hourly chart. The 4-hour scale is mostly neutral, and the 24-hour chart brings 5 buy prompts, matching the 45% long interbank sentiment.