It’s time for Thursday’s Main Daily Trading Signals. Here’s how the technicals compare with the interbank at 8 AM GMT.
First up is the Euro/Dollar with 4 neutral indicators in the short-term and 5 sell prompts in the mid-term. The daily outlook is back to neutral, and the interbank is neutral as well at less than 2% short, matching the 1 and 24-hour models.
Pound/Dollar is mostly bearish in the short-term, and the mid-term turns neutral with 5 models. The long-term is split between green and neutral signals, but, in contrast, the interbank is bearish at more than 28% short.
Dollar/Yen sees a mix of sell and neutral prompts on its hourly chart, and the 4-hour scale is split between green and neutral models. The daily chart is mostly bullish, but the technicals are not supported by the interbank, which is bearish at more than 16% short.
Pound/Yen’s hourly chart is a mix of green and neutral studies, whereas the mid and long-term charts turn bullish with 6 studies each. As to the interbank, it points in the other direction, being bearish at more than 21% short.
And neutral models prevail on Euro/Yen’s short and mid-term charts. The long-term scale brings 4 buy prompts, but the technicals are not confirmed by the interbank, which is bearish at more than 27% short.
I’m ___ and you’ve been watching the Primary Daily Trading Signals for Thursday. Stay tuned for the hourly updates.
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