Forex Trading Signals – January 12, 2018

Jessica Walker
Forex Trading Signals - January 12, 2018
Dollar, euro, pound, yen signpost

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

First up is the Euro/Dollar with 5 and 6 bullish models on its short and mid-term charts, respectively. The daily outlook is divided between green and neutral signals, but the interbank is bullish at more than 36% long, matching the 1 and 4-hour technicals.

The Cable also has bullish signals prevailing on its 1 and 4-hour charts. The 24-hour scale turns neutral with 5 technicals, and it is supported by the less than 3% long interbank sentiment.

All three time ranges bring different results for the Dollar/Yen, which sees 5 buy prompts in the short-term and 5 neutral models in the mid-term. The long-term is mostly bearish, but the interbank is neutral at less than 15% long, matching the 4-hour studies.

5 studies point North on Pound/Yen’s short-term chart. The mid-term is mostly neutral, and the long-term is split between red and neutral models. The interbank is strongly bullish at more than 42% long, matching the 1-hour technicals.

And Euro/Yen sees 7 and 5 bullish models on its 1 and 4-hour charts, respectively. The daily chart is mostly bearish, but the interbank is bullish at more than 16% long, and it matches the short and mid-term models.

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