Forex Trading Signals – August 1, 2017

Good morning, traders, hese are the Main Daily Trading Signals for Tuesday.

Bearish signals prevail on Euro/Dollar’s hourly chart, but the mid and long-term scales turn bullish with 4 and 7 studies, respectively, and they are in line with the more than 20% long interbank.

The Cable has neutral signals dominating in the short-term. The mid and long-term charts see 5 and 8 bullish signals, respectively, but the interbank points in the opposite direction, being bearish at more than 17% short.

There’s red across the table for the Dollar/Yen, which sees 4 sell prompts in the short-term, 5 in the mid-term and 6 in the long-term but, in contrast, the interbank is neutral at less than 15% long.

Pound/Yen has neutral models prevailing in all three time ranges, with 5 neutral signals on both its 1 and 4-hour charts and 6 on its 24-hour scale, and they indeed are supported by the less than 11% long interbank.

And Euro/Yen’s hourly chart is split between red and neutral signals. The mid-term is mostly neutral, and the daily chart brings 6 buy prompts, but the technicals are not confirmed by the interbank, which is bearish at more than 38% short.