It’s time for Monday’s Main Daily Trading Signals. Let’s take a look at the technical models and how they compare with the interbank stance at 8 AM GMT.
Euro/Dollar’s hourly studies are mostly green, but outlook shifts to neutral in the mid term and then to bearish in the long term. The close to 16% short interbank is in line with the daily indicators.
5 models are neutral in the Cable’s hourly scale. Mid term is mixed and daily range is led by 6 sell signals, which are backed up by the 43% short interbank stance.
Dollar/Yen’s hourly chart brings 5 neutral prompts. Mid and long terms have 5 and 6 green signals respectively, but the only 6% long interbank matches the hourly studies.
5 models predict no major price changes for the Sterling/yen in the hourly chart. Mid term shows mixed results and 4 indicators are green in the daily chart. The 11% long interbank is neutral, just like the hourly signals.
All three time ranges are dominated by green prompts for the Euro/Yen, but the close to 16% short interbank is bearish.
I’m ____________ and that’s all for Monday’s Primary Daily Trading Signals. Check back throughout the day for the latest updates.
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