Forex Trading Signals – January 16, 2018

Find out how the interbank compares with the technical models at 8 AM GMT. These are the Main Daily Trading Signals.

Euro/Dollar’s hourly chart is split between red and neutral studies. The mid-term turns neutral with 5 models, and the long-term sees 6 buy prompts, matching the more than 41% long interbank.

The Cable also sees a mix of red and neutral signals in the short-term. The mid and long-term scales turn bullish with 5 and 6 studies, respectively, but the interbank is neutral at 8% long and does not support the technicals. 5 studies predict no major price changes on Dollar/Yen’s short-term chart, whereas the mid and long-term scales are mostly bearish. Neutral at 3% long, the interbank confirms the 1-hour studies.

Pound/Yen sees 4 neutral models on its 1-hour chart and 4 bullish signals on its 4-hour scale. The 24-hour chart is back to neutral, but the interbank is bullish at more than 40% long, in line with the mid-term studies.

And Euro/Yen has neutral signals prevailing in all three time ranges, with 5 in the short-term and 4 in both the mid and long-term, but, in contrast, the interbank is bullish at more than 33% long.

This article was originally posted on FX Empire

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