These are the Main Daily Trading Signals for Tuesday. Let’s see how the technicals line up with the interbank sentiment at 8 AM GMT.
Bullish signals prevail on Euro/Dollar’s short and mid-term charts, but the daily outlook turns neutral with 5 models, and it is in line with the less than 8% short interbank.
The Cable also has green indicators dominating on its 1 and 4-hour charts, and the 24-hour scale sees a mix of red and neutral models. In contrast, the interbank is bearish at more than 36% short.
Dollar/Yen sees 4 and 6 neutral models on its short and mid-term charts, respectively. The long-term scale is overwhelmingly bullish, but the interbank is neutral at less than 8% long, and it supports the 1 and 4-hour models.
Next up is the Pound/Yen with 6 buy promps on both its 1 and 4-hour charts. The 24-hour scale is split between green and neutral models, but the technicals are not confirmed by the more than 36% short interbank.
And there’s green across the table for the Euro/Yen, which sees 7 bullish models in the short-term and 5 buy prompts in both the mid and long-term. Just as surely, the interbank points in the other direction, as it’s bearish at more than 35% short.
I’m Jack Everitt and these were Tuesday’s Primary Daily Trading Signals. These stats are updated throughout the day, so stay tuned.
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