Forex Trading Signals – July 03, 2017

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

6 studies point South on Euro/Dollar’s hourly chart. The mid-term is split between red and neutral signals, and the daily outlook turns green with 4 models, matching the more than 23% long interbank.

Next up is the Cable with 6 and 5 neutral signals on its 1 and 4-hour charts, respectively. The 24-hour chart is mostly bullish, but the interbank points in the other direction, as it’s bearish at more than 16% short.

Dollar/Yen sees 7 and 6 bullish models in the short and mid-term, respectively. The daily outlook is split between green and neutral signals, but the interbank is bullish at more than 21% long, and it matches the 1 and 4-hour studies.

There’s green across the table for the Pound/Yen, which sees 6 bullish signals on both its short and mid-term charts and 4 buy prompts on its long-term scale, but, in contrast, the interbank is neutral at less than 7% long.

And the last pair for this report is the Euro/Yen with 5 and 4 green models on its 1 and 4-hour charts, respectively. The 24-hour scale, somewhat contradictingly, sees a mix of sell and buy prompts, but the interbank is bullish at more than 27% long, and it matches the 1 and 4-hour models.