Forex Trading Signals – December 19, 2017
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Main Daily Trading Signals.
Bullish signals prevail on Euro/Dollar’s 1 and 4-hour charts, but the 24-hour scale turns neutral with 5 studies, and it is confirmed by the less than 9% long interbank.
All three time ranges bring different results for the Cable, which sees 6 buy prompts in the short-term and 4 neutral models in the mid-term. The long-term is mostly bearish, but the interbank is neutral at less than 8% short, and it supports the mid-term technicals.
Next up is the Dollar/Yen with 4 and 5 neutral models on its short and mid-term charts, respectively. The daily outlook sees 5 sell prompts, but the interbank points in the other direction, being bullish at more than 24% long.
Pound/Yen’s hourly chart is split between green and neutral models. The mid-term is mostly bullish, and the long-term turns neutral with 5 models, matching the less than 7% long interbank stance.
And Euro/Yen sees 7 and 5 bullish signals on its 1 and 4-hour charts, respectively. The 24-hour scale is split between red and neutral models, but the interbank is bullish at more than 33% long, backing up the short and mid-term studies.
This article was originally posted on FX Empire
