Forex Trading Signals – May 16, 2017

There’s green across the table for the Euro/Dollar, which sees 6 buy prompts in the short-term, no less than 8 bullish signals in the mid-term and 4 green models in the long-term, and they indeed are in line with the more than 27% long interbank.

Next up is the Cable with 7 and 5 bullish signals on its 1 and 4-hour charts, respectively. The daily outlook brings 5 neutral models, and it is supported by the less than 3% short interbank.
Dollar/Yen sees 5 neutral indicators on both its short and mid-term charts. The long-term scale turns green with 6 models, and it is confirmed by the more than 30% long interbank sentiment.
Pound/Yen also has 5 neutral signals on both its 1 and 4-hour scales. The 24-hour chart is mostly bullish, but the interbank is neutral at less than 7% long, and it matches the short and mid-term studies.
And Euro/Yen has bullish indicators prevailing in all three time ranges, with 4 buy prompts in the short-term, 7 in the mid-term and 6 in the long-term, but, in contrast, the interbank is neutral at less than 7% long.