You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees a mix of red and neutral signals on its hourly chart, but the 4 and 24-hour scales turn bearish with 5 studies each, and they are supported by the more than 17% short interbank.
5 studies point North on the Cable’s short-term chart. The mid and long-term scales turn neutral with 6 models each, but, in contrast, the interbank is bearish at more than 26% short.
There’s green across the table for the Dollar/Yen, which sees 6 buy prompts in both the short and long-term and 7 bullish models in the mid-term, but the technicals are not confirmed by the interbank, which is neutral at less than 3% short.
Pound/Yen also sees green signals prevailing in all three time ranges, with 7 on its 1 and 4-hour scales and 6 on its 24-hour chart, but, once again, the interbank is neutral at less than 4% short.
And Euro/Yen is mostly neutral in the short-term. The mid and long-term scales turn bullish with 6 and 8 studies, respectively, but the technicals are not in line with the interbank, as it’s bearish at more than 16% short.
I’m ______ and these were the Primary Daily Trading Signals for Wednesday. Check back in throughout the day for the latest updates.
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