Forex Trading Signals – December 01, 2017
It’s time for this week’s last Main Daily Trading Signals. Here’s how the interbank compares with the technicals at 8 AM GMT.
Neutral models prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 4 and 5 studies, respectively, and they are backed up by the more than 15% interbank. The Cable sees 5 neutral indicators on its 1-hour chart, while bullish signals prevail on the 4 and 24-hour charts. As to the interbank, it is neutral at less than 4% long, matching the short-term models.
Next up is the Dollar/Yen with 5 and 6 bullish signals on its short and mid-term charts, respectively. The 24-hour scale turns neutral with 5 models, and it is supported by the less than 14% long interbank.
There’s green across the table for the Pound/Yen, which sees 4 buy prompts in the short-term, 5 in the mid-term and 7 in the long-term but, in contrast, the interbank is neutral at less than 7% long.
And Euro/Yen sees a somewhat contradicting mix of sell and buy prompts in the short-term, but the mid and long-term scales turn clearly bullish with 7 and 4 studies, respectively, and they are supported by the more than 23% long interbank.
This article was originally posted on FX Empire
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