Forex Trading Signals – July 19, 2017

Good morning traders, we bring you the Primary Daily Trading Signals for Wednesday.

All three time ranges bring different results for the Euro/Dollar, which is overwhelmingly bearish in the short-term. The mid-term sees 5 neutral indicators, and all 8 models are bullish in the long-term, in line with the more than 15% long interbank.

4 studies point South on the Cable’s hourly chart. The 4-hour scale is split between red and neutral models, whereas the 24-hour chart sees a mix of green and neutral indicators.

Bearish at more than 17% short, the interbank confirms the 1-hour models.
Dollar/Yen sees a mix of buy and neutral prompts in the short-term. The mid-term is divided between red and neutral models, and the daily outlook brings 6 bearish signals, but, in contrast, the interbank actually is bullish at more than 26% long.

5 studies predict no major price changes on Pound/Yen’s hourly chart. The mid-term again sees a mix of sell and neutral prompts, whereas the long-term is back to neutral, but the technicals are not supported by the interbank, which is bullish at more than 16% long.

And bearish signals prevail on Euro/Yen’s 1-hour chart. The 4-hour scale is mostly neutral, and the long-term scale is divided between green and neutral models. As to the interbank, it is strongly bullish at more than 47% long and does not confirm the technicals.