Forex Trading Signals – May 23, 2017

Euro/Dollar’s hourly chart is divided between green and neutral models. The mid and long-term charts turn bullish with 4 and 6 studies, respectively, and they are in line with the more than 17% long interbank.

Next up is the Cable with 4 neutral signals in the short-term. The mid-term sees 4 sell prompts, and the long-term brings a mix of green and neutral technicals. As to the interbank, it is neutral at less than 3% long, and it matches the 1-hour models.
Dollar/Yen sees 5 and 4 neutral signals on its 1 and 4-hour charts, respectively. The 24-hour scale turns red with 4 models, but the interbank sentiment is neutral at less than 15% long, and it supports the 1 and 4-hour studies.
5 studies predict no major price changes on Pound/Yen’s hourly chart. The mid-term sees 5 sell prompts, and the daily outlook is split between red and neutral signals. Neutral at less than 7% long, the interbank confirms the short-term studies.
And Euro/Yen sees 4 buy prompts in the short-term. The mid-term sees a mix of green and neutral models, and the long-term is back to bullish but, in contrast, the interbank is neutral at less than 5% short.