Forex Trading Signals – July 17, 2017

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

All three time ranges bring different results for the Euro/Dollar, which sees 5 sell prompts in the short-tem and 5 neutral models in the mid-term. The daily outlook turns bullish with no less than 7 models, and it is in line with the more than 16% long interbank.

The Cable’s short-term chart is split between red and neutral models, and the mid-term brings 5 neutral indicators. Bullish signals prevail on the long-term chart, but, in contrast, the interbank is bearish at more than 27% short.
6 studies predict no major price changes on Dollar/Yen’s hourly chart, and the mid and long-term scales are both divided between red and neutral models, but the technicals are not confirmed by the interbank, which is strongly bullish at more than 40% long.

Pound/Yen has neutral models prevailing in all three time ranges, with 4 in both the short and long-term and 5 in the mid-term, and they indeed are supported by the 13% long interbank.

And Euro/Yen sees 5 sell prompts on both its 1 and 4-hour charts. The 24-hour scale turns neutral with 5 models, but the interbank is actually bullish at more than 38% long.