Forex Trading Signals – July 21, 2017

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

5 studies point South on Euro/Dollar’s hourly chart, but the mid and long-term scales turn overwhelmingly bullish with 6 and 7 studies, respectively, and they are in line with the more than 16% long interbank.

The Cable sees 4 bullish indicators in the short-term. The mid and long-term charts see 6 neutral signals each, but, in contrast, the interbank is bearish at more than 26% short.

Bearish models prevail on Dollar/Yen’s 1-hour chart. The 4-hour scale is divided between red and neutral signals, and the 24-hour chart is back to bearish with 4 models, but the interbank points in the other direction, being bullish at more than 27% long.

Next up is the Pound/Yen with 5 neutral models on both its short and long-term charts. The mid-term scale brings 5 sell prompts, but the technicals are not supported by the interbank, which is bearish at more than 22% long.
Euro/Yen sees 6 neutral signals in the short-term and 6 buy prompts in the mid-term, whereas the daily outlook is divided between green and neutral models. The interbank is bullish at more than 26% long, matching the 4-hour models.