These are the Main Daily Trading Signals for Monday. Let’s see how the interbank compares with the technical models at 8 AM GMT.
First up is the Euro/Dollar with 6 and 4 neutral models on its short and mid-term charts, respectively. The daily outlook turns bullish with 4 signals, but the interbank is neutral at less than 5% long, and it matches the short and mid-term studies.
The Cable sees a mix of buy and sell prompts on both its short and mid-term charts. The long-term scale brings 5 bullish models, but, in contrast, the interbank is bearish at more than 21% short.
All three time ranges bring different results for the Dollar/Yen, which is mostly bullish in the short-term and neutral in the mid-term. 5 studies point South on the daily chart, and they are supported by the more than 22% short interbank.
There’s green across the table for the Pound/Yen, which sees 5 buy prompts on both its 1 and 24-hour charts and no less than 7 bullish signals on its 4-hour scale, but the interbank points in the other direction, as it’s bearish at more than 29% short.
And Euro/Yen’s hourly chart is divided between green and neutral models. Neutral signals prevail on the mid and long-term scales, but the technicals are not confirmed by the interbank, which is bearish at more than 23% short.
I’m Jack Everitt and you’ve been watching the Primary Daily Trading Signals. Stay tuned for the hourly updates.
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