Forex Trading Signals – July 28, 2017

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

5 studies point North on Euro/Dollar’s hourly chart. The mid-term is mostly neutral, but the daily outlook is back to bullish. The interbank is bullish as well at more than 18% long, matching the 1 and 24-hour studies.

Next up is the Cable with 4 neutral models in both the short and mid-term. The long-term scale turns bullish with 5 studies, but the interbank points in the other direction, as it’s bearish at more than 22% short.

Dollar/Yen sees 5 neutral models on its 1-hour scale, whereas the 4 and 24-hour charts are both split between red and neutral studies. Neutral at less than 6% long, the interbank confirms the 1-hour technicals.

Pound/Yen is mostly neutral in the short-term. The mid-term brings 4 sell prompts, and the long-term is back to neutral, but the technicals are not backed up by the interbank, which is bullish at more than 23% long.

And neutral signals prevail across the chart for the Euro/Yen, which sees 5 neutral models in both the short and mid-term and 4 in the long-term. The interbank is also neutral at less than 15% long, in line with the technicals.