Forex Trading Signals – January 29, 2018

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

Euro/Dollar sees 4 bearish signals in the short-term. The mid-term is split between red and neutral models, and the daily outlook sees 4 buy prompts, matching the more than 39% long interbank.

Bearish models prevail on the Cable’s short and mid-term charts. The 24-hour scale turns neutral with 4 models, and it is supported by the 5% long interbank sentiment.

All three time ranges bring different results for the Dollar/Yen, which sees 5 buy prompts on its hourly chart and 5 neutral signals on its 4-hour scale. The 24-hour chart brings no less than 7 sell prompts, in line with the more than 29% short interbank.

Pound/Yen has neutral models prevailing in all three time ranges, with 4 neutral signals in both the short and mid-term and 6 in the long-term, but, in contrast, the interbank is bullish at more than 35% long.

And 5 studies point North on Euro/Yen’s hourly chart. The 4 and 24-hour scales see 5 neutral models each, but the interbank is bullish at more than 40% long, backing up the 1-hour models.