Forex Trading Signals – May 24, 2017

These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
The first pair for this report is the Euro/Dollar, which sees 6 and 4 bearish signals on its short and mid-term charts, respectively. The long-term scale brings 4 green studies, in line with the more than 18% long interbank.

Neutral signals prevail across the table for the Pound/Dollar, with 5 in both the short and mid-term and 6 in the long-term, and they indeed are supported by the interbank, which is neutral at less than 4% long.
Dollar/Yen has bullish models dominating in the short and mid-term, while the daily outlook turns neutral with 5 studies, and it is confirmed by the less than 9% long interbank.
Next up is the Pound/Yen with 6 buy prompts on both its 1 and 4-hour charts. The 24-hour scale turns neutral with 5 studies, and, once again, it is backed up by the interbank, which is neutral at less than 2% long.
And Euro/Yen’s hourly chart is split between green and neutral signals, whereas the mid and long-term scales turn bullish with 4 and 7 studies each. As to the interbank, it’s also bullish at more than 23% long, and it matches the 4 and 24-hour studies.