Forex Trading Signals – November 20, 2017

Good Monday morning, the team is here with this week’s first Main Daily Trading Signals.

Euro/Dollar sees 5 neutral signals on its hourly chart. The mid-term is mostly bearish and the long-term is back to neutral. The interbank is neutral as well at less than 14% long, matching the 1 and 24-hour models.

The Cable has bullish signals prevailing in all three time ranges, with 7 buy prompts in the short-term, 5 in the mid-term and 4 in the long-term, but, in contrast, the interbank is neutral at less than 8% short.

Dollar/Yen sees a contradicting mix of green and red models on its short-term chart. The mid and long-term scales turn bearish with 4 and 6 signals, respectively, but the interbank points in the other direction, being bullish at more than 17% long.

Pound/Yen’s hourly chart is split between green and neutral studies. The 4-hour scale brings 5 neutral models, and the 24-hour chart sees 5 sell prompts. The interbank is neutral at less than 9% long, and it confirms the mid-term studies.
And Euro/Yen’s 1-hour chart is divided between red and neutral models. The mid-term is mostly bearish and the long-term sees 4 neutral studies. The interbank is bullish at more than 21% long and does not support the technicals.

This article was originally posted on FX Empire

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