These are the Main Daily Trading Signals for Tuesday. Here’s how the interbank compares with the technicals at 8 AM GMT.
5 studies point North on Euro/Dollar’s hourly chart. The 4-hour scale is split between red and neutral models, and the 24-hour scale is overwhelmingly bearish with no less than 7 models, and it is in line with the more than 15% short interbank.
The Cable is mostly neutral in the short-term. The mid-term turns bearish with 5 studies, and the daily outlook is back to neutral. The interbank is bearish at more than 24% short, and it confirms the 4-hour models.
Next up is the Dollar/Yen with 4 neutral models on its hourly chart. Bullish signals prevail on the mid and long-term scales, but the interbank is neutral at less than 4% short, and it supports the short-term studies.
Pound/Yen’s short-term chart is divided between red and neutral models. The mid-term scale brings 6 neutral indicators, and bullish signals dominate on the daily chart. Neutral at less than 8% short, the interbank matches the 4-hour studies.
And there’s green across the table for the Euro/Yen, as all 8 models point North on the hourly chart. The 4 and 24-hour scales bring 5 buy prompts each, but the interbank points clearly in the other direction, being bearish at more than 21% 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 hourly updates.
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