Forex Trading Signals – March 02, 2018

You’re watching the Daily Trading Signals for Friday. Here’s how the technical studies line up with the interbank stance at 8 AM GMT.

Euro/Dollar has 5 neutrals in the hourly scale. Mid term studies are mostly bullish and daily scale shows bearish outlook. Neutral interbank sentiment is 13% long, matching the hourly indicators.

There are 6 neutrals in the Cable’s short term. 4-hour chart shows mixed results and 6 models are pointing South in the long term. The less than 1% short interbank is neutral, just like the hourly models.

There’s red across both the 1 and 4 hour tables for the Dollar/Yen. Daily range posts mixed results. Interbank stance is bearish at almost 33% short, in line with the short and mid term technicals.

Pound/Yen’s 1 and 4 hour charts both have 7 sell signals. 5 models are red in the long term. These indicators are confirmed by the 26% short interbank exposure.

Euro/Yen has 6 sell signals in both the short and mid terms. 4 indicators point South in the daily range. The only 2% long interbank sentiment is less defined.

This article was originally posted on FX Empire

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