Forex Trading Signals – October 26, 2017
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals.
Neutral models prevail on Euro/Dollar’s hourly chart. The 4-hour scale brings 5 buy prompts, and the 24-hour chart is back to neutral, but the interbank is bullish at more than 17% long, and it matches the 4-hour models.
The Cable sees 4 sell prompts in the short-term, whereas the mid and long-term scales turn neutral with 5 and 4 studies, respectively. The interbank is bearish at more than 23% short, backing up the 1-hour models.
4 studies point North on Dollar/Yen’s hourly chart. The mid-term is mostly neutral, and the long-term is back to bullish. The interbank is bullish as well at more than 18% long, in line with the 1 and 24-hour studies.
Pound/Yen’s hourly chart is split between red and neutral models. The mid-term brings 6 neutral signals, and the long-term sees 6 bullish indicators, but the interbank is neutral at less than 1% short, and it confirms the 4-hour models.
And there’s green across the table for the Euro/Dollar, which sees 5 buy prompts on its 1-hour chart, no less than 8 bullish signals on its 4-hour scale and 6 green studies on its 24-hour chart. As to the interbank, it is neutral at less than 13% long and not quite in line with the technicals.