Forex Trading Signals – January 23, 2018

These are Tuesday’s Main Daily Trading Signals. Here’s how the interbank compares with technicals 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 6 neutral signals, and the long-term turns bullish with 4 models, matching the more than 48% long interbank.

The Cable’s hourly chart is split between red and neutral studies, and the 4-hour scale is divided between green and neutral models. The 24-hour chart is overwhelmingly bullish with 7 models, but they are not quite in line with the interbank, which is neutral at less than 14% long.

Dollar/Yen sees a mix of green and neutral models on its short-term chart. The mid-term is mostly bullish, and the long-term is split between red and neutral signals. In contrast, the interbank is neutral at less than 9% short.

Neutral models prevail on Pound/Yen’s hourly chart. The mid and long-term scales turn bullish with 5 and 7 studies, respectively, and they are in line with the more than 33% long interbank.

And neutral models prevail on Euro/Yen’s 1-hour scale. The 4 and 24-hour charts are both split between green and neutral signals, but the interbank is bullish at 19% long and does not support the technicals.