Forex Trading Signals – January 18, 2018

You’re watching the Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT.

Most of the indicators are neutral for the Euro/Dollar in both the short and long terms. Mid term shows mixed results with 4 sell and 4 neutral prompts and the 42% long interbank sentiment is strongly bullish.

Pound/Dollar’s hourly studies are mostly neutral. Mid and long terms both show mostly green prompts, but the only 7% long interbank is neutral, just like the hourly models.

Each of the time frames shows different results for the Dollar/Yen. There are 4 neutrals in the short term, 4 buy signals in the mid term and 4 red prompts in the long term. The only 7% short interbank exposure is neutral, in line with the short term indicators.

Pound/Yen’s 1 and 4 hour charts both show mixed results, but daily picture is clearly bullish, just like the 18% long interbank stance. Euro/Yen’s short and long terms both have mostly neutral indicators, but mid term brings 5 buy signals, matching the 29% long interbank sentiment.

This article was originally posted on FX Empire

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