Forex Trading Signals – January 24, 2018

You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the interbank lines up with the technicals at 8 AM GMT.

Neutral models prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 5 and 7 studies, respectively, and they are in line with the more than 45% long interbank.

The Cable’s hourly chart is split between green and neutral signals, but the 4 and 24-hour scales again are overwhelmingly bullish with 6 and 8 studies, respectively, matching the more than 16% long interbank.

There’s red across the table for the Dollar/Yen, which sees 5 sell prompts in both the short and mid-term and 6 bearish signals in the long-term, and the technicals indeed are supported by the more than 18% short interbank.

Pound/Yen sees a mix of red and neutral models on its 1-hour chart. The 4-hour scale is mostly neutral, and the 24-hour chart turns green with 4 models, in line with the more than 33% long interbank.

And Euro/Yen’s hourly chart is split between red and neutral signals. The mid and long-term scales see 4 and 5 neutral models, respectively, but, in contrast, the interbank is bullish at more than 34% long.