Forex Trading Signals – October 20, 2017

These are the Friday’s Daily Trading Signals and here’s how the technical studies line up with the interbank sentiment at 8 AM GMT.

Most of the hourly studies are pointing South for the Euro/Dollar. Mid term outlook is neutral and long term brings mixed results. Interbank sentiment is bullish at 17% long.

Pound/Dollar has an even number of 5 neutrals in both the short and long terms. 5 indicators are red in the mid term, which is in line with the 25% short interbank.

Dollar/Yen’s 1 and 4 hour charts have 6 and 5 buy signals respectively. There are 3 buy and 3 neutral indicators in the long term, but the less than 8% long interbank is neutral.

All 8 indicators are green in the Pound/Yen’s hourly scale. Mid and long terms are mostly neutral, just like the 5% long interbank stance.

There’s green across the table for the Euro/Yen. 6 models are bullish in the hourly chart, 8 in the mid term and 5 in the long term. Technical outlook is backed up by the 22% long interbank exposure.