Forex Trading Signals – June 29, 2017

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

Euro/Dollar’s table is a sea of green, as all 8 studies point North in the short and long-term and Aroon is the only bearish indicator in the mid-term and, indeed, the technicals are very much confirmed by the more than 28% long interbank.

The Cable also has bullish signals dominating across the chart, with 4 buy prompts in the short-term and 6 in both the mid and long-term but, in a very marked contrast, the interbank is actually bearish at 18% short.

Dollar/Yen follows a similar pattern, as it sees 4 green models in the short-term, 6 buy prompts in the mid-term and no less than 7 bullish signals in the long-term, but they are not quite in line with the interbank, which is neutral at 11% long.

Pound/Yen is yet another instrument with bullish models dominating across the table, as it sees exactly 7 buy prompts on its 1, 4 and 24 hour charts. As to the interbank, it is neutral at less than 8% long and does not support the technicals.
And this may seem repetitive, but Euro/Yen again is overwhelmingly bullish in all three time ranges, with 8 green models in both the short and mid-term and 7 in the long-term. The interbank is bullish as well at more than 39% long, matching the technicals.