You’re watching the Main Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT.
First up is the Euro/Dollar with 5 neutral indicators in the short-term. The mid and long-term scales turn bearish with 5 and 7 studies, respectively, but the interbank is neutral at less than 9% short, and it supports the 1-hour models.
Neutral models prevail on the Cable’s hourly chart. The 4 hour chart sees 5 sell prompts, and the 24-hour scale brings 6 bearish models. The interbank is bearish as well at more than 29% short, matching the mid and long-term studies.
Dollar/Yen is mostly neutral in the short and mid-term. The daily outlook is split between green and neutral studies, but, in contrast, the interbank is bearish at more than 25% short.
Next up is the Pound/Yen with 5 neutral models in the short-term. The mid-term sees a mix of green and neutral models, and the long-term scale turns bearish with no less than 7 studies, in line with the more than 16% short interbank.
And Euro/Yen sees 6 and 4 neutral indicators on its 1 and 4-hour charts, respectively. The 24-hour scale sees 5 sell prompts, but the interbank is neutral at less than 6% short, and it confirms the short and mid-term studies.
I’m Celeste Skinner and these were the Primary Daily Trading Signals for Monday. Stay with us for the hourly updates.
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