You’re watching the Main Daily Trading Signals for Friday. Here’s how the interbank lines up with the technicals at 8 AM GMT.
Euro/Dollar is mostly neutral in the short-term. The mid-term sees a mix of green and neutral signals, but the daily outlook turns bullish with 4 models, and it is in line with the more than 26% long interbank.
Next up is the Cable with 4 neutral models on its 1-hour chart. The 4-hour scale is mostly bearish, but the 24-hour chart is back to neutral. The interbank is neutral as well at less than 12% long, matching the short and long-term models.
4 studies point South on Dollar/Yen’s hourly chart. Neutral models dominate on the mid and long-term scales, but the interbank is bearish at more than 35% short, and it supports the short-term studies.
Pound/Yen also sees bearish models prevailing in the short-term. The mid and long-term charts turn neutral with 4 and 6 studies, respectively, and they are backed up by the less than 4% short interbank.
And neutral signals dominate on the Euro/Yen’s hourly chart. The 4-hour scale brings 4 buy promts, and the daily scale sees a mix of green and neutral indicators. In contrast, the interbank is bearish at more than 34% short.
I’m Kiays Khalil and these were the Primary Daily Trading Signals for Friday. We’ll be providing you with the latest data throughout the day, so stay tuned.
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