Forex Trading Signals – October 31, 2017

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

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 mostly bearish, but the interbank is neutral at less than 9% long, and it matches the short and mid-term studies.

The Cable sees a mix of red and neutral studies in the short-term. The mid-term brings 4 buy prompts, and the long-term turns neutral with 5 models but, in contrast, the interbank is bearish at more than 26% short.

Neutral models prevail on Dollar/Yen’s hourly chart. The mid-term scale sees 5 bearish signals, and the long-term chart is back to neutral with 6 studies. The interbank is bullish at more than 33% long, and it does not support the technicals.

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

And 5 studies predict no major price changes on Euro/Yen’s short-term chart. The mid and long-term scales are mostly bearish, but the interbank points very much in the opposite direction, being bullish at more than 39% long.