Yahoo Finance Forex Trading Signals – December 04, 2017
Good Monday morning, the team is here with the Primary Daily Trading Signals.
Euro/Dollar has bearish models prevailing on its short and mid-term charts, and the long-term scale turns neutral with 6 studies, but, in a notable contrast, the interbank is actually bullish at more than 16% long.
Pound/Dollar sees 6 sell prompts on its hourly chart. The 4-hour scale is split between red and neutral models, and the 24-hour chart is mostly bullish, but the technicals are not supported by the interbank, which is neutral at less than 1% long.
Next up is the Dollar/Yen with 8 and 6 bullish models on its short and mid-term charts, respectively. The daily outlook is divided between green and neutral signals, but the interbank is bullish at more than 19% long, and it confirms the 1 and 4-hour models.
Pound/Yen sees 6 and 4 neutral signals on its 1 and 4-hour charts, respectively, whereas the long-term scale brings 5 buy prompts. Neutral at less than 9% long, the interbank matches the short and mid-term studies.
And there’s green across the table for the Euro/Yen, which sees 5 buy prompts in both the short and long-term and 4 bullish models in the mid-term. The interbank is bullish as well at more than 29% long, backing up the technicals.
This article was originally posted on FX Empire
