Forex Trading Signals – October 4, 2017

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

Euro/Dollar sees 6 and 5 neutral signals on its 1 and 4-hour charts, respectively. The daily outlook is split between red and neutral models, but the interbank is neutral at less than 2% short, and it supports the short and mid-term studies.

The Cable has neutral models prevailing in the short-term. The mid and long-term scales turn bearish with 5 and 6 studies, respectively, and they are in line with the more than 15% short interbank.

Next up is the Dollar/Yen with 6 bearish signals on both its short and mid-term charts and 6 buy prompts on its long-term scale. Bullish at more than 24% long, the interbank confirms the 24-hour studies.

There’s red across the table for the Pound/Yen, which sees 5 sell prompts in both the short and long-term and 6 bearish models in the mid-term, but, in contrast, the interbank is neutral at less than 11% long.

And 5 studies point South on Euro/Yen’s hourly chart. The mid-term is split between red and neutral models, and the daily chart turns neutral with 5 studies, matching the less than 12% long interbank.