You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees 4 neutral indicators on both its short and mid-term charts, but the daily outlook is overwhelmingly bullish, and it is supported by the more than 22% long interbank.
Pound/Dollar also has 4 neutral models on both its 1 and 4-hour scales, and the 24-hour chart turns green with 5 models. Neutral at less than 1% short, the interbank confirms the short and mid-term studies.
Dollar/Yen is mostly neutral in the short-term, whereas the mid and long-term scales turn bullish with 4 and 6 studies, respectively, and they are in line with the more than 25% short interbank stance.
Next up is the Pound/Yen with 4 and 6 neutral models on its short and mid-term charts, respectively. The daily scale is mostly bearish, but the interbank is neutral at 7% long, and it matches the 1 and 4-hour indicators.
And 4 studies predict no major price changes on Euro/Yen’s hourly chart, while bearish models prevail on the mid and long-term scales. Neutral at less than 1% short, the interbank backs up the short-term studies.
You’ve been watching the Primary Daily Trading Signals for Wednesday with me, Sam Meredith. Stay tuned for the hourly updates.
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