Forex Trading Signals – October 9, 2017

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

Euro/Dollar has bearish studies prevailing in the short-term. The mid-term sees 4 neutral signals, and the long-term is split between red and neutral models. The interbank is neutral at less than 10% long, and it confirms the 4-hour models.

All three time ranges bring different results for the Pound/Dollar, which is mostly bullish in the short-term and neutral in the mid-term. The daily outlook turns red with 4 studies, matching the more than 15% short interbank.

Neutral signals prevail across the chart for the Dollar/Yen, as it has 5 neutral models on its 1-hour chart and 6 on both the 4 and 24-hour scales, and they indeed are in line with the less than 14% long interbank.

5 studies point North on Pound/Yen’s hourly chart. The mid-term sees 5 neutral signals, and the long-term is mostly bearish, but the interbank is neutral at less than 2% short, and it confirms the 4-hour models.

And Euro/Yen sees 4 and 5 neutral models on its 1 and 4-hour charts, respectively. The daily scale is mostly bearish. As to the interbank, it is neutral at less than 1% short, backing up the short and mid-term studies.