Forex Trading Signals – May 11, 2017

Euro/Dollar sees 5 buy prompts in the short-term, whereas the mid and long-term scales turn neutral with 5 studies each. Bullish at more than 20% long, the interbank confirms the 1-hour models. Neutral signals prevail across the chart for the Cable, with 5 in the short-term and 4 in both the mid and long-term, and the technicals indeed are supported by the less than 2% long interbank.

Dollar/Yen is mostly neutral in the short-term, but the mid and long-term charts turn bullish with 4 and 7 studies, respectively, and they are in line with the more than 31% long interbank sentiment. Next up is the Pound/Yen with 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The daily outlook is overwhelmingly bullish, but the interbank is neutral at less than 7% long, and it matches the short and mid-term studies.

And Euro/Yen has consistent results across the table, as it sees exactly 5 green models on its 1, 4 and 24-hour charts, but the technicals are not backed up by the interbank, which is neutral at less than 2% short.