Forex Trading Signals – June 1, 2017

These are the Main Daily Trading Signals for Thursday. Here’s a closer look at the technicals and how they compare with the interbank at 8 AM GMT.
All three time ranges bring different results for the Euro/Dollar, which sees 5 sell prompts in the short-term. The mid-term is mostly neutral, and the daily outlook turns green with 6 studies, matching the 19% long interbank stance.

The Cable sees consistent results across the chart, as it has exactly 5 neutral signals on its short, mid and long-term charts, and the technicals indeed are supported by the less than 2% short interbank sentiment.
Dollar/Yen’s hourly chart is split between green and neutral signals. The mid-term turns neutral with 5 studies, and the daily outlook brings 5 sell prompts. Neutral at less than 9% long, the interbank matches the 4-hour models.
Pound/Yen also sees a mix of green and neutral models on its 1-hour chart. The 4-hour scale brings 4 bullish signals, and the 24-hour chart is mostly bearish, but, in contrast, the interbank is neutral at 3% short.
And 6 studies predict no major price changes on Euro/Yen’s hourly chart. The mid-term, somewhat confusingly, is divided between sell and buy prompts, and the long-term is back to neutral. The interbank is neutral as well at less than 10% long, and it confirms the 1 and 24-hour models.