Forex Trading Signals - July 26, 2017

Forex Trading Signals – July 26, 2017

Good morning traders, the team brings you the Main Daily Trading Signals for Wednesday.

The first pair for this report is the Euro/Dollar, which sees 5 sell prompts on both its 1 and 4-hour charts and 5 bullish signals on its 24-hour scale. The interbank is bullish as well at more than 19% long, matching the long-term studies.

Neutral signals prevail across the chart for the Cable, with 5 neutral models in the short-term and 4 in both the mid and long-term, but, in contrast, the interbank is bearish at more than 22% short.

Red indicators prevail on Dollar/Yen’s hourly chart. The mid-term sees a mix of green and neutral models, and the long-term turns neutral with 6 studies, in line with the less than 11% short interbank.

Pound/Yen’s short-term scale is split between red and neutral signals, whereas the mid and long-term scales bring 4 and 6 neutral models, respectively, but the technicals are not supported by the interbank, which is bullish at more than 17% long.

And all three time ranges bring different results for the Euro/Yen, which is mostly bearish in the short-term. The mid-term sees 6 neutral models, and the long-term brings 4 buy prompts. Neutral at less than 4% short, the interbank confirms the 4-hour studies.

Published by

Jessica Walker

A Senior Broadcast Journalist who holds experience as a TV reporter, radio presenter and columnist. Reports and tells data-driven stories about economics, social issues and current affairs. Studied at the London School of Journalism and has worked in both the UK and across Europe combining business and general news.