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Forex Trading Signals – November 8, 2017

Kiays Khalil

Good morning, traders, let’s find out how the interbank compares with the technicals at 8 AM GMT.

Euro/Dollar’s hourly chart is split between green and neutral models, and the mid-term chart sees 5 neutral signals. The daily outlook is overwhelmingly bearish, but the interbank is neutral at less than 4% long, and it confirms the mid-term technicals.

The Cable sees 5 bearish signals in the short-term. The mid-term is divided between buy and neutral prompts, and the long-term sees 6 neutral indicators. Bearish at more than 16% short, the interbank matches the 1-hour studies.

Next up is the Dollar/Yen with 5 neutral signals on its hourly chart. The 4-hour scale sees a mix of red and neutral models, and the 24-hour chart is back to neutral but, in contrast, the interbank is bullish at more than 25% long.

6 studies point South on Pound/Yen’s hourly chart. The mid and long-term scales turn neutral with 4 and 5 studies, respectively, and they are in line with the interbank, which is also neutral at 1% long.

And Euro/Yen sees 5 neutral signals on its short-term scale. The mid and long-term charts are both split between red and neutral models, but the technicals are not supported by the interbank, which is bullish at more than 26% long.

This article was originally posted on FX Empire

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