Forex Trading Signals - January 16, 2018

Forex Trading Signals – January 16, 2018

Find out how the interbank compares with the technical models at 8 AM GMT. These are the Main Daily Trading Signals.

Euro/Dollar’s hourly chart is split between red and neutral studies. The mid-term turns neutral with 5 models, and the long-term sees 6 buy prompts, matching the more than 41% long interbank.

The Cable also sees a mix of red and neutral signals in the short-term. The mid and long-term scales turn bullish with 5 and 6 studies, respectively, but the interbank is neutral at 8% long and does not support the technicals. 5 studies predict no major price changes on Dollar/Yen’s short-term chart, whereas the mid and long-term scales are mostly bearish. Neutral at 3% long, the interbank confirms the 1-hour studies.

Pound/Yen sees 4 neutral models on its 1-hour chart and 4 bullish signals on its 4-hour scale. The 24-hour chart is back to neutral, but the interbank is bullish at more than 40% long, in line with the mid-term studies.

And Euro/Yen has neutral signals prevailing in all three time ranges, with 5 in the short-term and 4 in both the mid and long-term, but, in contrast, the interbank is bullish at more than 33% long.

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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.