Forex Trading Signals – October 02, 2017

You’re watching the Primary Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT.

6 studies point South on Euro/Dollar’s hourly chart, whereas the 4 and 24-hour scales are both divided between red and neutral signals, but, in contrast, the interbank is neutral at less than 1% long.

The Cable is overwhelmingly bearish in the short and mid-term, whereas the daily outlook is split between red and neutral indicators. As to the interbank, it is neutral at less than 11% short and does not support the technicals.

There’s green across the table for the Dollar/Yen, which sees 7 buy prompts in both the short and mid-term and 5 green models in the long-term, but, once again, the technicals are not confirmed by the less than 9% long interbank.

Pound/Yen is mostly bearish in the short-term. The mid-term is divided between sell and neutral prompts, and the long-term sees 5 neutral signals, in line with the less than 6% long interbank.

And Euro/Yen sees 5 sell prompts on its short-term chart. The mid and long-term both see 6 neutral signals, but the interbank is bullish at more than 17% long and does not match the technicals.