Forex Trading Signals – October 16, 2017

Good morning, traders, the team is here with Monday’s Main Daily Trading Signals.

Euro/Dollar sees 4 and 6 bearish models on its 1 and 4-hour charts, respectively. The 24-hour scale turns neutral with 5 models, in line with the less than 15% long interbank.

The Cable has neutral models prevailing in the short-term. The mid-term sees 5 buy prompts, and the long-term is back to neutral with 5 models. In contrast, the interbank is bearish at more than 18% short.

There’s red across the table for Dollar/Yen, which sees 6 sell prompts in the short-term, 7 in the mid-term and 5 in the long-term but the technicals are not supported by the less than 11% long interbank. Bearish models prevail on

Pound/Yen’s hourly chart. The mid and long-term scales turn neutral with 6 and 5 studies, respectively, matching the less than 2% long interbank.

And Euro/Yen sees 5 and 6 bearish studies on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly neutral, but the interbank is actually bullish at more than 26% long, and it does not confirm the technicals.