Forex Trading Signals – December 12, 2017
These are the Main Daily Trading Signals for Tuesday. Let’s see how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 neutral studies in the short-term. The mid-term is divided between green and neutral signals, and the daily outlook is back to neutral. The interbank is neutral as well at less than 11% long, matching the 1 and 24-hour models.
All three time ranges bring different results for the Cable, which sees 5 neutral signals in the short-term. Mid-term brings 5 sell prompts, and the long-term is split between red and neutral models. Neutral at less than 1% short, the interbank confirms the 1-hour studies.
5 studies point South on Dollar/Yen’s hourly chart. The 4-hour scale is mostly neutral, and the 24-hour chart sees 5 bullish models, in line with the more than 25% long interbank sentiment.
Pound/Yen sees 4 neutral models in the short-term. The mid-term is split between red and neutral models, and the long-term chart is back to neutral with 5 models. As to the interbank, it is neutral at less than 8% long, and it supports the short and long-term studies.
And neutral models prevail on Euro/Yen’s short and mid-term charts. The daily scale is divided between green and neutral models but, in contrast, the interbank is bullish at more than 24% long.
This article was originally posted on FX Empire
