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Forex Trading Signals – December 29, 2017

Jack William Everitt

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

Neutral models prevail on Euro/Dollar’s hourly chart, but the 4 and 24-hour scales turn bullish with 6 and 7 studies, respectively, and they are in line with the more than 16% long interbank.

There’s green across the table for the Pound/Dollar, which sees 6 bullish models in the short-term, 7 in the mid-term and 5 in the long-term, but, in contrast, the interbank is neutral at less than 8% short.

Dollar/Yen sees 7 sell prompts on both its short and mid-term charts and 4 neutral signals on its long-term scale, but the technicals are not supported by the interbank, which is bullish at more than 19% long.

Bullish models prevail on Pound/Yen’s hourly chart, but the mid and long-term scales turn neutral with 5 studies each, matching the less than 7% short interbank sentiment. And last up is the Euro/Yen with 5 and 6 neutral signals on its 1 and 4-hour charts, respectively. The 24-hour scale brings 5 buy prompts, and it’s confirmed by the more than 35% long interbank.

This article was originally posted on FX Empire