Forex Trading Signals – November 7, 2017

These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT.

There’s red across the table for the Euro/Dollar, which sees 6 sell prompts in both the short and long-term and 5 bearish models in the mid-term, but, in contrast, the interbank is neutral at 4% long.

The Cable’s hourly chart is split between red and neutral models, whereas the mid and long-term scales turn neutral with 4 and 5 studies, respectively, but the technicals are not supported by the interbank, which is bearish at more than 19% short.

6 studies point North on Dollar/Yen’s 1-hour chart. The 4 and 24-hour scales see 6 and 5 neutral models, respectively, but the interbank is bullish at more than 25% long, and it confirms the short-term technicals.

Pound/Yen’s short-term chart is split between green and neutral models. The mid-term scale is overwhelmingly bullish, and the long-term turns neutral with 5 studies, matching the less than 1% long interbank.

And Euro/Yen has neutral models prevailing in all three time ranges, with 4 in the short-term and 5 in both the mid and long-term, but the interbank is not in line with the interbank, which is bullish at more than 21% long.