Forex Trading Signals – March 16, 2018

These are the Friday’s Daily Trading Signals. Here’s how the technical indicators line up with the interbank sentiment at 8 AM GMT.

Euro/Dollar’s hourly indicators show mixed results. Mid term chart has 4 red signals and outlook shifts to neutral in the long term, which is in line with the 12% long interbank sentiment.

The Cable has 4 buy and 4 neutral indicators in the hourly scale. Mid term is mixed as well and 4 bullish models are in the lead of the daily chart. Interbank stance is neutral, standing almost at an even balance.

Dollar/Yen has red across both the 1 and 4 hour charts. Daily indicators are mostly neutral, but the 36% short interbank exposure is bearish, just like the short and mid term models.

Pound/Yen has 6 sell signals in both the 1 and 4-hour charts. There are 4 buy and 4 neutral prompts in the long term. Interbank sentiment is neutral at only 4% long.

Euro/Yen’s short and mid term indicators are mostly red as well. 5 studies forecast no major price changes in the long term, which is backed up by the less than 1% short interbank.