Forex Trading Signals – July 04, 2017

Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals.

Euro/Dollar sees a mix of green and neutral models on its hourly chart. The mid-term is split between red and neutral signals, and the daily outlook brings 5 neutral indicators but, in contrast, the interbank is bullish at more than 19% long.

5 studies predict no major price changes on the Cable’s short-term chart. The 4-hour scale is divided between red and neutral models, and the 24-hour scale is back to neutral, but the technicals are not supported by the interbank, which is bearish at more than 16% short.

All three time ranges bring different results for the Dollar/Yen, which is mostly bearish in the short-term and neutral in the mid-term. The long-term turns overwhelmingly bullish with 7 studies, in line with the more than 15% long interbank.

Next up is the Pound/Yen with 5 and 6 neutral models on its 1 and 4-hour charts, respectively. Bullish models prevail on the 24-hour scale, but the interbank is neutral at less than 11% long, and it confirms the short and mid-term studies.
And Euro/Yen sees exactly 5 neutral signals on both its short and mid-term charts. The daily scale turns bullish with 6 studies, and it matches the more than 34% long interbank sentiment.