Forex Trading Signals – November 6, 2017

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

Euro/Dollar sees a mix of green and neutral models on its hourly chart. The mid-term turns red with 5 studies, and the long-term is split between red and neutral technicals but, in contrast, the interbank is neutral at less than 7% long.

Next up is the Cable with 4 and 6 neutral signals on its 1 and 4-hour charts, respectively. The 24-hour scale sees 4 bearish models, in line with the more than 21% short interbank.

Neutral models prevail on Dollar/Yen’s short and mid-term charts. The daily outlook turns bullish with 6 studies, and it is confirmed by the more than 32% long interbank sentiment.

5 studies point North on Pound/Yen’s hourly chart, but the mid and long-term scales see 5 neutral models each, matching the less than 5% short interbank.

And Euro/Yen sees consistent results across the chart, as it has exactly 5 neutral models on its short, mid and long-term charts. The interbank is neutral as well at less than 5% long, and it supports the technicals.