Forex Trading Signals – July 06, 2017

Kiays Khalil
Forex Trading Signals - July 06, 2017

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

4 studies point North on Euro/Dollar‘s hourly chart. The mid and long-term scales turn neutral with 4 and 5 models, respectively, but the interbank is bullish at more than 17% long, and it matches the 1-hour technicals.

The Cable has neutral signals prevailing in all three time ranges, with 6 neutral models in the short-term, 4 in the mid-term and 5 in the long-term, but, in contrast, the interbank is bearish at more than 21% short.

Green signals prevail on Dollar/Yen’s hourly chart. The 4-hour scale brings 4 neutral studies, and the 24-hour chart is back to bullish. Neutral at less than 10% long, the interbank supports the mid-term technicals.

Things look similar for the Pound/Yen, which sees 5 green models in the short-term and 5 neutral signals in the mid-term. Bullish studies prevail on the daily chart. The interbank is neutral at less than 10% long, and it confirms the 4-hour models.

And Euro/Yen’s short-term scale is split between green and bullish studies. The mid-term is mostly neutral, whereas the long-term brings 5 buy prompts, and it is very much in line with the more than 43% long interbank.

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.