Yahoo Finance Forex Trading Signals – October 10, 2017
These are the Main Daily Trading Signals for Tuesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees 6 neutral models on its hourly chart and 5 bullish signals on its 4-hour scale. The 24-hour chart is split between red and neutral indicators, but the interbank is neutral at less than 11% long, matching the short-term studies.
Next up is the Cable with 6 buy prompts on both its short and mid-term charts. The daily outlook is mostly neutral, but the technicals are not confirmed by the interbank, which is bearish at more than 25% short. 5 studies point South on Dollar/Yen’s hourly chart, and the mid and long-term scales are both divided between red and neutral signals.
In contrast, the interbank is bullish at more than 18% long. Pound/Yen’s hourly chart is split between green and neutral signals. The mid and long-term scales turn neutral with 4 studies each, and they are in line with the less than 3% long interbank stance.
And all three time ranges bring different results for the Euro/Yen, which sees 6 neutral signals in the short-term. The mid-term brings 4 buy prompts, and the long-term is mostly bearish. Neutral at less than 6% short, the interbank matches the 1-hour models.
This article was originally posted on FX Empire
