Yahoo Finance Forex Trading Signals – August 23, 2017
It’s 8 AM GMT on this Wednesday, so it’s time for the Main Daily Trading Signals.
Euro/Dollar sees 5 buy prompts in the short-term, whereas the mid and long-term charts turn neutral with 6 and 5 studies, respectively, and they are in line with the less than 13% long interbank stance.
There’s red across the chart for the Cable, which sees 4 sell prompts in the short-term and 6 bearish models in both the mid and long-term, and the technicals indeed are supported by the more than 38% short interbank.
Dollar/Yen’s hourly chart is split between red and neutral models. The 4 and 24-hour scales see 6 and 4 neutral signals, respectively, but, in contrast, the interbank is bearish at more than 36% short.
Bearish models prevail on Pound/Yen’s short and mid-term charts. The daily outlook is divided between red and neutral indicators, but the technicals are not confirmed by the interbank, which is neutral at less than 8% short.
And Euro/Yen sees 5 neutral signals in the short-term. The mid-term is split between green and neutral studies, and the long-term is back to neutral. As to the interbank, it is bullish at more than 17% long and does not match the technicals.
This article was originally posted on FX Empire
