It’s 8 AM GMT on this post-election Wednesday, and it’s time for the Main Daily Trading Signals.
Euro/Dollar sees 6 neutral models in the short-term. The mid-term sees a mix of green and neutral signals, and the daily outlook is back to neutral. The interbank is neutral as well at less than 6% long, and it supports the 1 and 24-hour models.
Neutral models prevail across the chart for the Cable, with 6 in the short-term, 4 in the mid-term and 5 in the long-term, but the technicals are not backed up by the interbank, which is bearish at more than 28% short.
Dollar/Yen is mostly neutral in the short-term. The mid-term sees a mix of green and neutral signals, and the daily outlook turns green with 4 models. In contrast, the interbank is very strongly bearish at more than 34% short.
Pound/Yen sees 5 neutral models on its hourly chart. The 4-hour scale brings 4 sell prompts, and the 24-hour chart is mostly bullish. As to the interbank, it is bearish at more than 27% short, and it supports the mid-term studies.
And last up is the Euro/Yen with 5 neutral signals in the short-term. The mid-term sees a mix of red and neutral models, and the long-term scale turns green with 6 studies. On the other hand, the interbank is bearish at more than 18% short.
I’m Celeste Skinner and that’s how the interbank compares with the technicals at 8 AM GMT, but things are bound to stay volatile for a while, so stay tuned for the hourly updates.
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