Forex Trading Signals – July 06, 2017

These are the Main Daily Trading Signals for Thursday. Here’s how the interbank compares with the technicals at 8 AM GMT.

4 studies point North on Euro/Dollar‘s hourly chart. The mid and long-term scales turn neutral with 4 and 5 models, respectively, but the interbank is bullish at more than 17% long, and it matches the 1-hour technicals.

The Cable has neutral signals prevailing in all three time ranges, with 6 neutral models in the short-term, 4 in the mid-term and 5 in the long-term, but, in contrast, the interbank is bearish at more than 21% short.

Green signals prevail on Dollar/Yen’s hourly chart. The 4-hour scale brings 4 neutral studies, and the 24-hour chart is back to bullish. Neutral at less than 10% long, the interbank supports the mid-term technicals.

Things look similar for the Pound/Yen, which sees 5 green models in the short-term and 5 neutral signals in the mid-term. Bullish studies prevail on the daily chart. The interbank is neutral at less than 10% long, and it confirms the 4-hour models.

And Euro/Yen’s short-term scale is split between green and bullish studies. The mid-term is mostly neutral, whereas the long-term brings 5 buy prompts, and it is very much in line with the more than 43% long interbank.