Forex Trading Signals – May 10, 2017

These are the Main Trading Signals for Wednesday. Here’s how our in-house model tests out.
All three time ranges bring different results for the Euro/Dollar, which sees 5 bullish signals on its short-term chart. The mid-term scale brings 6 sell prompts, and the long-term chart is mostly neutral. Bullish at more than 21% long, the interbank supports the 1-hour models.

Next up is the Cable with 6 buy prompts in the short-term. The mid-term is divided between red and green signals, and the daily outlook is back to bullish but, in contrast, the interbank is neutral at less than 3% long.
Dollar/Yen sees a mix of buy and neutral signals on its hourly chart. The 4 and 24-hour charts turn overwhelmingly bullish with 7 signals each, and they are backed up by the more than 30% long interbank.
There’s green across the table for the Pound/Yen, which sees 5 buy prompts in the short-term, 6 in the mid-term and 7 in the long-term, but the technicals are not confirmed by the interbank, which is neutral at less than 6% long.
And Euro/Yen’s 1-hour scale is divided between neutral and green models. The 4 and 24-hour charts turn bullish with 4 and 7 studies, respectively, and they’re in line with the more than 21% long interbank stance.