It’s time for Monday’s Main Daily Trading Signals. Here’s how the interbank compares with technicals at 8 AM GMT.
There’s red across the table for the Euro/Dollar, which sees 5 sell prompts in the short-term and no less than 7 bearish models in both the mid and long-term, but the technicals are not quite in line with the interbank, which is neutral at less than 13% short.
All three time ranges bring different results for the Cable, which sees 5 red models in the short-term and 5 neutral indicators in the mid-term. The daily outlook is mostly bullish. As to the interbank, it is bearish at more than 22% short, matching the 1-hour models.
Dollar/Yen has green signals prevailing in all three time ranges, with 5 in the short-term, 7 in the mid-term and 6 in the long-term, but the interbank points clearly in the other direction, being bearish at more than 18% short.
6 studies predict no major price changes on Pound/Yen’s hourly chart, and bullish models prevail on the 4 and 24-hour scales. The interbank sentiment is neutral at less than 7% short, and it confirms the 1-hour models.
And Euro/Yen has bullish signals prevailing on its short-term scale. The mid and long-term charts turn neutral with 5 signals both, but, in contrast, the interbank is bearish at more than 21% short.
I’m Jessica Walker and these were the Primary Daily Trading Signals for Monday. Stay tuned for the hourly updates.
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