It’s time for this week’s first Primary Daily Trading Signals. Let’s see how the technical studies compare with the interbank stance at 8 AM GMT.
Most of the studies forecast no major rate shifts for Euro/Dollar in the short term. Mid term outlook shifts to bearish and 4 indicators are neutral in the long term. The only 13% long interbank is matched by the short and long term models.
The Cable’s 1 and 4 hour charts bring 4 and 7 sell prompts respectively. Daily scale is mixed with 3 buy and 3 neutral signals. The only 1% short interbank sentiment is neutral.
Dollar/yen’s short and mid term charts are dominated by green signals and outlook shifts to neutral in the daily range. Interbank stance is bearish, standing close to 24% short.
Pound/Yen’s technicals are mostly neutral. 5 indicators are neutral in both the 1 and 4 hours and 4 in the long term. Interbank sentiment is bearish at almost 20% short.
Euro/Yen has 7 green signals in the short term, 5 in the mid term and 4 neutrals lead the daily range. The close to 26% long interbank matches the 1 and 4 hour technicals.
I’m Kiays Khalil and you’ve been watching the Main Daily Trading Signals for Monday. Check back throughout the day for the latest updates.
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