Forex Trading Signals – October 12, 2017

Forex Trading Signals - October 12, 2017
Forex Trading Signals – October 12, 2017

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

Euro/Dollar has neutral models prevailing in the short-term. The mid-term turns green with 4 studies, and the daily outlook is back to neutral. The interbank is bullish at more than 15% long, matching the 4-hour signals.

The Cable’s hourly chart is split between green and neutral models. The 4-hour scale sees 4 buy prompts, and the 24-hour chart brings 6 neutral models but, in contrast, the interbank is bearish at more than 27% short.

Bearish signals prevail on Dollar/Yen’s hourly chart. The mid-term sees 4 neutral signals, and the daily chart is back to bearish, but the interbank is neutral at less than 15% long, and it supports the 4-hour models.

Pound/Yen sees 4 neutral models in the short-term, 4 bullish signals in the mid-term, and 5 neutral indicators in the long term. As to the interbank, it is neutral at 3% short and confirms the 1 and 24-hour technicals.

And last up is the Euro/Yen with 5 neutral models on both its 1 and 4-hour charts. The 24-hour scale is mostly bullish, but the sentiment is neutral at less than 3% long, in line with the short and mid-term indicators.

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