Yahoo Finance Forex Trading Signals – November 16, 2017
These are the Main Daily Trading Signals for Thursday. Let’s see how the interbank compares with technicals at 8 AM GMT.
Euro/Dollar sees 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly bullish, but the interbank is neutral at less than 14% long, and it supports the short and mid-term studies.
The Cable’s hourly chart is split between red and neutral signals, whereas the 4 and 24-hour charts turn neutral with 6 models each, and they are in line with the less than 10% short interbank.
All three time ranges bring different results for the Dollar/Yen, which sees 5 buy prompts in the short-term and 5 neutral signals in the mid-term. The daily outlook is mostly bearish, but the interbank is bullish at more than 17% long, matching the 1-hour studies.
Next up is the Pound/Yen with 5 and 6 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale sees 5 sell prompts. As to the interbank, it is neutral at less than 5% long, backing up the short and mid-term studies.
And 5 studies point North on Euro/Yen’s short-term chart. The mid-term turns neutral with 6 studies, and the long-term is back to bullish. Neutral at less than 14% long, the interbank confirms the 4-hour models.
This article was originally posted on FX Empire
