Forex Trading Signals - October 18, 2017

Forex Trading Signals – October 18, 2017

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

Euro/Dollar sees 4 sell prompts on both its 1 and 4-hour charts, whereas the 24-hour scale turns neutral with 5 models, but the technicals are not confirmed by the interbank, which is bullish at more than 15% long.

The Cable sees a contradicting mix of sell and buy prompts on its hourly chart. The mid-term brings 6 bearish models, and the long-term is mostly neutral. Bearish at more than 22% short, the interbank confirms the 4-hour studies.

Dollar/Yen is overwhelmingly bullish in the short and mid-term, with 8 and 7 buy prompts, respectively. The daily outlook turns neutral with 5 models, in line with the less than 2% long interbank.

Green models prevail on Pound/Yen’s hourly chart. The mid and long-term scales bring 5 neutral studies each, and they are supported by the less than 12% long interbank sentiment.

And last up is the Euro/Yen with 7 and 5 bullish signals on its 1 and 4-hour charts, respectively. The 24-hour scale sees 4 neutral indicators, and it matches the less than 12% long interbank.

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Jack William Everitt

Award winning Journalist and presenter with experience working across various sections of the media. Holds a degree in Journalism from The University of Westminster. Previously worked at BBC 5 Live on a variety of programmes. Covered important world events such as the Geneva Motor Show and World communication forum with Dukascopy TV.