Yahoo Finance Forex Trading Signals – October 3, 2017
You’re watching the Main Daily Trading Signals for Tuesday. Here’s how our in-house model tests out.
4 studies predict no major price changes on Euro/Dollar’s hourly chart. The mid and long-term scales turn bearish with 4 and 6 studies, respectively, but the interbank is neutral at less than 3% short, and it matches the short-term models.
The Cable also has neutral models prevailing on its short-term chart. The 4 and 24-hour scales see 4 and 5 sell prompts, respectively, and they are supported by the interbank, which is bearish at more than 21% short.
Dollar/Yen’s hourly chart is split between green and neutral signals. The mid-term brings 4 buy prompts, and the daily outlook sees 6 bullish signals. The interbank is bullish as well at more than 20% long, and it confirms the 4 and 24-hour studies.
Bullish signals prevail on Pound/Yen’s hourly chart. The mid-term brings 5 neutral studies, and the long-term is split between red and neutral studies. Neutral at less than 9% long, the interbank matches the 4-hour models.
And no less than 7 studies point North on Euro/Yen’s short-term chart. The mid-term sees 5 neutral models, and the daily outlook is divided between sell and neutral prompts. Bullish at more than 20% long, the interbank backs up the short-term studies.
This article was originally posted on FX Empire
