Yahoo Finance Forex Trading Signals – November 15, 2017
These are the Main Daily Trading Signals for Wendesday. Here’s how the interbank compares with the technicals at 8 AM GMT.
There’s green across the table for the Euro/Dollar, which sees 4 bullish signals in the short-term, 6 green indicators in the short-term and 7 buy prompts in the long-term, but they aren’t quite in line with the interbank, which is neutral at less than 13% long. Next up is the Cable with 5 green signals on both its short and mid-term charts.
The long-term scale turns neutral with 6 studies but, in contrast, the interbank is actually bearish at more than 15% short. Dollar/Yen is overwhelmingly bearish in the short and mid-term. The daily outlook sees 5 neutral models, but the technicals are not confirmed by the interbank, which is strongly bullish at more than 35% long.
Pound/Yen has neutral signals prevailing in all three time ranges, with 6 neutral models on its 1-hour chart and 5 on both its 4 and 24-hour scales, and they indeed are supported by the less than 3% long interbank.
And Euro/Yen sees 5 neutral studies on both its 1 and 4-hour charts. The 24-hour scale is overwhelmingly bullish with 7 models, and it is backed up by the interbank, which is also bullish at more than 15% long.
This article was originally posted on FX Empire
