You’re watching the Primary Daily Trading Signals for Monday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees a mix of red and neutral models on its short, mid and long-term charts, but the technicals are not supported by the interbank, which is neutral at less than 6% long.
The Cable has neutral indicators prevailing across all three time ranges, with 5 in the short-term and 6 in both the mid and long-term, but, in contrast, the interbank is bearish at more than 18% short.
Dollar/Yen is divided between green and neutral models on both its 1 and 4-hour charts. The 24-hour scale turns green with 4 models, but the interbank is neutral at less than 10% short, and it does not support the technical studies.
Neutral signals dominate across the table for the Pound/Yen, with 5 on both the short and long-term charts and 6 on the mid-term scale, and they are indeed confirmed by the less than 3% short interbank.
And last up is the Euro/Yen with 6 neutral models in the short, term, 5 neutral indicators in the mid-term and 4 neutral signals in the long-term. On the other hand, the interbank is bearish at more than 18% short.
I’m Sam Meredith and you’ve been watching the Main Daily Trading Signals for Monday. Stay tuned for the hourly updates.
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