Forex Trading Signals – June 5, 2017

These are the Main Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar’s hourly chart is split between red and neutral signals, while the mid-term brings 5 neutral studies. The daily outlook turns green with 4 models, in line with the more than 19% long interbank.

All three time ranges bring different results for the Cable, which is mostly bullish in the short-term. The mid-term sees 5 neutral signals, and the long-term brings 4 sell prompts. Neutral at less than 3% short, the interbank confirms the 4-hour studies.
Dollar/Yen sees 5 neutral signals in the short-term, whereas the mid and long-term scales turn bearish with 4 studies each. As to the interbank, it is neutral at less than 10% long, and it matches the short-term technicals.
6 studies predict no major price changes on Pound/Yen’s 1-hour chart. The 4-hour scale sees a mix of sell and neutral models, while the 24-hour chart brings 5 red signals. Neutral at less than 3% short, the interbank supports the 1-hour models.
And Euro/Yen’s short and mid-term charts are both divided between red and neutral models. The interbank sees 4 neutral signals, and it is backed up by the less than 11% long interbank.