Forex Trading Signals – November 1, 2017

Good morning, traders, the team brings you the Main Daily Trading Signals for Wednesday.

Euro/Dollar sees 6 neutral models on both its short and mid-term charts, whereas the long-term is split between red and neutral signals. Neutral at less than 9% long, the interbank confirms the 1 and 4-hour studies.

Bullish signals prevail on the Cable’s 1 and 4-hour scales, and the 24-hour chart turns neutral with 4 studies, but, in contrast, the interbank is bearish at more than 20% short.

Next up is the Dollar/Yen with 6 bullish signals on both its short and mid-term scales. The daily outlook brings 4 neutral models, but the interbank is bullish at more than 23% long, matching the short and mid-term studies.

There’s a sea of green across the chart for the Pound/Yen, which sees no less than 8 bullish signals in the short-term and 6 buy prompts in both the mid and long-term, but interbank is actually neutral at less than 2% short and does not support the technicals.

And Euro/Yen is mostly bullish in the short and mid-term. The 24-hour chart sees 5 neutral studies, and it is backed up by the less than 9% short interbank.