Forex Trading Signals – November 2, 2017

Find out how the interbank compares with technicals at 8 AM GMT. These are the Main Daily Trading Signals.

Euro/Dollar sees 6 neutral studies on both its 1 and 4-hour charts, whereas the 24-hour scale brings 5 sell prompts. The interbank is neutral at less than 9% long, matching the short and mid-term models.

The Cable also has neutral signals prevailing on its short and mid-term scales. The daily outlook brings 4 bullish models, but, in contrast, the interbank is bearish at more than 19% short. Things look similar for the Dollar/Yen, which sees 6 and 5 neutral models on its short and mid-term charts, respectively. The long-term chart sees 6 buy prompts, and it is supported by the more than 22% long interbank.

Next up is the Pound/Yen with 4 neutral signals in both the short and mid-term. The long-term is mostly bullish, but the interbank is neutral at less than 3% long, in line with the 1 and 4-hour models.

And Euro/Yen sees 5 neutral signals on its hourly chart. The 4-hour scale is mostly bullish, and the 24-hour chart is back to neutral. The interbank is neutral as well at less than 6% long, and it confirms the 1 and 24-hour models.