These are the Main Daily Trading Signals for Tuesday. Here’s how the technical models line up with the interbank sentiment at 8 AM GMT.
There’s red across the table for the Euro/Dollar. 6 studies point South in both the 1 and 4 hour charts and 4 in the daily scale. Interbank sentiment is neutral, standing less than 6% long.
Most of the indicators point South for the Cable as well. 5 models are red in the short term, 6 in the mid term and 5 in the daily range. The 24% short interbank is in line with the technical studies.
Dollar/Yen’s hourly indicators are mixed, but both the mid and long terms bring 6 green signals. Interbank stance is bearish, standing at 15% short.
All three time scales show an equal number of 5 sell prompts for the Pound/Yen and they are confirmed by the almost 20% short interbank.
Euro/Yen’s technical models are mostly forecasting no major price shifts in all three time scales, but the 22% short interbank is bearish.
I’m Jessica Walker and you’ve been watching the Primary Daily Trading Signals for Tuesday. Stay tuned for the hourly updates.
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