You’re watching the Primary Daily Trading Signals for Monday. Here’s how the interbank compares with the technicals at 8 AM GMT.
Neutral signals prevail on Euro/Dollar’s hourly chart, and the mid and long-term scales turn bearish with 5 and 4 studies, respectively, but, in contrast, the interbank is bullish at more than 24% short.
4 studies point North on the Cable’s short-term scale. The mid-term chart brings 4 neutral indicators, and the daily outlook is mostly bearish. Neutral at less than 11% short, the interbank confirms the 4-hour studies.
Dollar/Yen’s 1-hour chart is divided between red and neutral models. Neutral signals prevail on the 4 and 24-hour charts, but the technicals are not supported by the interbank, which is bearish at more than 40% short.
Pound/Yen sees 4 buy prompts in the short-term. The mid and long-term charts turn red with 4 and 6 studies, respectively, and they are backed up by the more than 26% short interbank sentiment.
And there’s red across the table for the Euro/Yen, which sees 6 sell prompts in both the short and long-term and no less than 7 in the mid-term. The interbank is bearish as well at more than 25% short, and it matches the technical models.
I’m Kiays Khalil and these were the Main Daily Trading Signals for Monday. Stay tuned for the hourly updates.
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