It’s time for Friday’s Main Daily Trading Signals. Here’s a closer look at the technical models and how they compare with the interbank sentiment at 8 AM GMT.
Most of the studies are neutral for the Euro/Dollar in both the short and long terms. Indicators are mostly bearish in the mid term, but the 16% long interbank is bullish.
4 studies are neutral in the Pound/Dollar’s hourly scale. Mid and long terms bring 5 and 6 sell signals respectively and they are backed up by the 26% short interbank sentiment.
Dollar/Yen’s short and long term models are mostly forecasting no major price shifts and mid term outlook is bullish. The close to 24% short interbank is bearish.
Pound/Yen has 6 neutrals in the hourly scale. Mid term is mixed and 5 models are bearish in the daily run, which is confirmed by the 16% short interbank stance.
Euro/Yen has 6 studies pointing North in both the 1 and 4-hour charts. 5 models are neutral in the daily range, but the 32% short interbank points in a different direction.
I’m Sam Meredith and you’ve been watching the Primary Daily Trading Signals for Friday. Stay tuned as we provide you with the latest data throughout the day.
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