Forex Trading Signals – October 05, 2017

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

Euro/Dollar sees 4 and 5 buy prompts on its 1 and 4-hour charts, respectively. The 24-hour scale brings 5 bearish models but, in contrast, the interbank is neutral at less than 12% long.

There’s red across the table for the Pound/Dollar, which sees 6 sell prompts in the short-term and 5 bearish signals in both the mid and long-term, but the technicals are not quite in line with interbank, which is more neutral at less than 15% short.

Dollar/Yen’s hourly chart is split between red and neutral models. The mid-term brings 4 sell prompts, and the long-term is mostly neutral. As to the interbank, it is bullish at more than 27% long and does not support the technicals.

Pound/Yen is another Sterling pair that has bearish signals prevailing in all time ranges, with 7 in both the short and mid-term and 4 in the long-term, but, once again, the technicals are not confirmed by the less than 7% long interbank.

And bullish signals prevail on Euro/Yen’s hourly chart. The mid and long-term scales see 5 and 6 neutral models, respectively, matching the 8% long interbank.