Forex Trading Signals – November 03, 2017

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

Neutral signals prevail across the chart for the Euro/Dollar, which sees 4 neutral models in the short-term and 5 in both the mid and long-term, and they indeed are in line with the less than 9% long interbank.

The Cable’s hourly chart sees a contradicting mix of green and red models, but the mid and long-term scales turn strongly bearish with 7 and 4 studies, respectively, matching the more than 28% short interbank.

Next up is the Dollar/Yen with 6 and 4 bullish signals on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly neutral, but the interbank is bullish at more than 18% long, and it confirms the short and mid-term studies.

Pound/Yen sees 4 neutral studies on its hourly chart. The mid-term is overwhelmingly bearish, and the long-term is back to neutral. The interbank is neutral as well at less than 12% long, backing up the 1 and 24-hour models.

And 5 studies predict no major price changes on Euro/Yen’s short-term chart. The mid-term sees 5 buy prompts, and the long-term brings 6 neutral models. Neutral at less than 10% long, the interbank supports the short and long-term studies.