You’re watching the Main Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar’s hourly chart is split between red and neutral studies, and the 4-hour scale brings 5 neutral models. The 24-hour scale sees a mix of buy and neutral prompts, but, in contrast, the interbank is bullish at more than 17% long.
There’s red across the table for the Pound/Dollar, which sees 6 sell prompts in both the short and long-term and no less than 7 in the mid-term, and they indeed are supported by the more than 25% short interbank.
Dollar/Yen has neutral indicators prevailing in all three time ranges, with 5 in both the short and long-term charts and 4 on the mid-term scale, but they are not confirmed by the more than 25% short interbank sentiment.
Next up is the Pound/Yen with 6 sell prompts in the short-term, 5 red models in the mid-term and 4 bearish signals in the long-term, and they are in line with the interbank, which is bearish at more than 15% short.
And neutral models prevail on Euro/Yen’s 1 and 4-hour charts. The 24-hour scale turns green with 4 studies, but the interbank is bearish at more than 32% short, and it does not back up the technicals.
I’m Sam Meredith and these were the Primary Daily Trading Signals for Monday. Stay tuned for the hourly updates.
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