Forex Trading Signals – October 24, 2017

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

Neutral models prevail on Euro/Dollar’s hourly chart. The 4-hour scale brings 4 sell prompts, and the 24-hour chart is back to neutral with 4 models. In contrast, the interbank is bullish at more than 17% long.

Pound/Dollar has neutral models dominating in all three time ranges, with 4 in both the short and mid-term and 6 in the long-term, but the technicals are not confirmed by the interbank, which is bearish at more than 18% short.

There’s green across the table for the Dollar/Yen, which sees 5 buy prompts on both its short and long-term charts and 4 bullish signals on its mid-term scale, and they indeed are in line with the more than 20% long interbank.

Next up is the Pound/Yen with 5 neutral signals in the short-term. The mid-term is split between green and neutral models, and the daily outlook is mostly bullish. Neutral at less than 7% long, the interbank matches the short-term studies.

And 6 studies point North on Euro/Yen’s hourly chart. The 4 and 24-hour scales turn neutral with 6 and 5 models, respectively, but the interbank is bullish at more than 26% long, supporting the 1-hour technicals.