Let’s find out how the technical studies compare with the interbank sentiment at 8 AM GMT.
First up is the Euro/Dollar with 6 buy prompts on both its 1 and 4-hour charts. The 24-hour scale turns neutral with 4 models, and it is confirmed by the less than 8% long interbank stance.
The Cable, remarkably enough, has green signals dominating across the chart, as it sees 7 buy prompts in all 3 time ranges, but they are not quite in line with the less than 8% long interbank.
All three time ranges bring different results for the Dollar/Yen, which is mostly bullish in the short-term and neutral in the mid-term. The daily outlook is overwhelmingly bearish, and it is supported by the more than 48% short interbank.
Pound/Yen is overwhelmingly bullish on both its 1 and 4-hour charts, whereas the 24-hour scale brings 5 neutral models, and it is backed up by the less than 4% short interbank sentiment.
And Euro/Yen also sees bullish signals prevailing on its hourly chart. The mid-term brings 4 neutral indicators, and the daily chart is mostly bearish. The interbank is neutral at 13% short, matching the mid-term studies.
I’m Lucy Palfreeman and these were the Main Daily Trading Signals for Tuesday. Check back in throughout the day for the latest updates.
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