It’s time for Tuesday’s Main Daily Trading Signals. Here’s how the technical models line up with the interbank at 8 AM GMT.
Euro/Dollar is overwhelmingly bullish on its short and mid-term charts, but the daily outlook turns neutral with 4 models, and it is in line with the less than 10% long interbank stance.
Next up is the Cable with 6 and 7 buy prompts on its 1 and 4-hour charts, respectively. The 24-hour scale is split between red and neutral models, but, in contrast, the interbank is strongly bearish at more than 29% short.
Dollar/Yen sees 4 neutral models in the short-term. The mid-term is mostly bullish, and the long-term is back to neutral with 6 studies, but the technicals are not supported by the more than 32% short interbank.
Pound/Yen sees 6 green indicators on both its 1 and 4-hour charts. The 24-hour scale turns neutral with 5 models, and it is backed up by the less than 8% short interbank stance.
And last up is the Euro/Yen with 5 and 7 buy prompts on its short and mid-term scales, respectively. The daily chart is mostly neutral. As to the interbank, it is bearish at more than 15% short.
I’m Celeste Skinner and you’ve been watching the Primary Daily Trading Signals for Tuesday. Check back in throughout the day for the latest updates.
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