Forex Trading Signals – July 11, 2017

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

Neutral models prevail on Euro/Dollar’s hourly chart. The mid-term is split between red and neutral signals, and the daily outlook sees a mix of neutral and bullish indicators but, in contrast, the interbank is bullish at more than 16% long.
5 studies point North on the Cable’s short-term chart. The mid and long-term scales turn neutral with 6 and 5 studies, respectively, but the technicals are not supported by the interbank, which is bearish at more than 18% short.

Dollar/Yen is mostly neutral in the short-term, but the mid and long-term scales are overwhelmingly bullish with 7 buy prompts each, and they are confirmed by the more than 34% long interbank.

There’s green across the table for the Pound/Yen, which sees 6 buy prompts in both the short and long-term and 5 bullish signals in the mid-term, but the interbank is neutral at less than 7% long and does not match the technicals.
Euro/Yen also sees bullish signals prevailing in all three time ranges, with 4 green models in both the short and mid-term and 7 in the long term and, for once, they indeed are very much in line with the more than 43% long interbank.