Forex Trading Signals – January 22, 2018

Hello, traders, the team is back with this week’s first Main Daily Trading Signals.

Dollar/Yen sees 6 neutral models on both its 1 and 4 hour charts. The 24-hour scale turns bullish with 5 studies, in line with the more than 49% long interbank stance.

Things look similar for the Cable which has 5 and 4 neutral signals on its short and mid-term charts, respectively. The daily outlook is mostly bullish, but the interbank is neutral at less than 12% long, matching the 1 and 4-hour models.

5 studies predict no major price changes on Dollar/Yen’s short and mid-term charts. The long-term scale is overwhelmingly bearish, but the interbank is neutral at less than 4% short, and it confirms the short and mid-term studies.

Pound/Yen sees 6 bullish signals on its hourly chart. The mid and long-term scales are mostly neutral but the interbank is bullish at more than 41% long, backing up the short-term studies.

And Euro/Yen is mostly neutral in the short-term. The mid-term is split between red and neutral studies, and the long-term is back to neutral with 5 models but, in contrast, the interbank is bullish at more than 31% long.