Forex Trading Signals – October 30, 2017

Good Monday morning, the team is here with the Main Daily Trading Signals. First up is the Euro/Dollar with 4 and 5 neutral models on its 1 and 4-hour charts, respectively.

The 24-hour scale is overwhelmingly bearish, but the interbank is neutral at less than 6% long, matching the short and mid-term studies. The Cable has neutral models prevailing on its short and mid-term charts.The long-term chart brings 6 sell prompts, and it is in line with the more than 28% short interbank.

Neutral signals dominate across the chart for the Dollar/Yen, as it sees 6 neutral models in the short-term, 4 in the mid-term and 5 in the long-term but, in contrast, the interbank is bullish at more than 24% long.

Pound/Yen also has neutral models prevailing in all three time ranges, with 4 neutral signals in the short-term, 6 in the mid-term and 5 in the long-term, and the technicals indeed are confirmed by the less than 6% long interbank.

And 5 studies point North on Euro/Yen’s hourly chart. The mid-term is split between red and neutral models, and the long-term chart turns bearish with 5 studies. Bullish at more than 40% long, the interbank matches the 1-hour studies.