Forex Trading Signals – May 18, 2017

Euro/Dollar is mostly bearish in the short-term. The mid-term is divided between red and neutral models, but the daily outlook turns overwhelmingly bullish with 7 studies, and it is in line with the more than 22% long interbank.

The Cable also has bearish signals prevailing on its 1-hour chart. The 4-hour scale brings 6 neutral models, and the 24-hour chart sees 4 buy prompts. Neutral at less than 1% long, the interbank confirms the 4-hour models.
Dollar/Yen sees a mix of green and neutral signals in the short-term. The mid and long-term charts turn bearish with 6 and 5 studies, respectively, but, in contrast, the interbank actually is bullish at 16% long.
Things look similar for the Pound/Yen, as it’s also divided between buy and neutral prompts on its hourly chart. The 4 and 24-hour scales bring 7 and 5 red signals, respectively, but the technicals are not supported by the less than 6% long interbank.
And Euro/Yen’s short-term chart is divided between bearish and neutral models. The mid-term turns red with 5 models, and the daily chart sees 4 neutral signals, but the interbank is bullish at more than 27% long and does not match the technicals.