Forex Trading Signals – July 31, 2017

You’re watching 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 and neutral in the mid-term. The daily outlook brings 4 buy prompts, and it is in line with the more than 19% long interbank.

4 studies point South on the Cable’s hourly chart. The mid-term sees 5 neutral signals, and the long-term brings 5 bullish models. The interbank is bearish at more than 23% short, matching the short-term technicals.

Dollar/Yen’s hourly chart is split between green and neutral models, whereas the 4 and 24-hour charts turn bearish with 4 and 6 studies, respectively, but the technicals are not supported by the less than 3% long interbank.

Pound/Yen sees neutral models prevailing in the short-term. The mid-term sees 5 sell prompts, and the daily chart is back to neutral with 5 models. In contrast, the interbank is bullish at more than 19% long.

Euro/Yen has 4 neutral models in the short-term and 5 sell prompts in the mid-term. The long-term is back to neutral, and the interbank is neutral as well at less than 2% short, backing up the 1 and 4-hour models.