Forex Trading Signals – May 9, 2017

Euro/Dollar sees a mix of sell and neutral prompts in the short-term. The mid-term is mostly bearish, and the daily outlook brings 6 neutral models, but, in contrast, the interbank is bullish at more than 21% long.
5 studies point North on the Cable’s hourly chart, but the 4 and 24-hour scales turn neutral with 5 studies each, and they are in line with the 1% long interbank.

Dollar/Yen is overwhelmingly bullish in all three time ranges, as it sees no less than 8 buy prompts in the short-term, 7 in the mid-term and 6 in the long-term, and the technicals indeed are supported by the more than 27% long interbank.
Pound/Yen also sees bullish signals dominating on its short and mid-term charts, while the daily outlook, somewhat contradictingly, is split between sell and buy prompts. As to the interbank, it is neutral at less than 6% long and does not confirm the technicals.
And there’s green across the table for the Euro/Yen, which sees 8 bullish signals in the short-term, 6 in the mid-term and 4 in the long-term, but the technicals are not backed up by the interbank, which is neutral at less than 13% short.