Forex Trading Signals – July 24, 2017

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

All three time ranges bring different results for the Euro/Dollar, which is mostly bearish in the short-term. The mid-term sees 6 neutral models, and the long-term turns green with 6 studies, matching the more than 16% long interbank.

5 studies predict no major price changes on the Cable’s hourly chart. The mid-term brings 6 buy prompts, and the daily outlook is back to neutral but, in contrast, the interbank is bearish at more than 26% short.

Bearish signals prevail across the chart for the Dollar/Yen, which sees 4 sell prompts in the short-term, 6 in the mid-term and 7 in the long-term, but they are not supported by the interbank, which is actually bullish at more than 19% long.
Pound/Yen sees a mix of red and neutral models on its 1-hour chart. The 4 and 24-hour scales turn bearish with 5 studies each, but the interbank again points in the other direction, as it’s bullish at more than 24% long.

And Euro/Yen has red models dominating on its short and mid-term scales. The daily outlook turns neutral with 4 studies, and it is confirmed by the less than 14% long interbank sentiment.