You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the technical models compare with the interbank sentiment at 8 AM GMT.
Euro/Dollar’s hourly chart is split between green and neutral signals, but the 4 and 24-hour scales turn neutral with 5 studies each, and they are in line with the 4% long interbank stance.
Pound/Dollar has neutral signals prevailing on its short and mid-term charts, whereas the daily scale turns bullish with 5 studies, and it is backed up by the more than 18% long interbank stance.
5 models point South on Dollar/Yen’s hourly chart. The mid-term is mostly neutral, and the long-term chart is split between red and neutral indicators. Bearish at more than 47% short, the interbank supports the hourly models.
Pound/Yen has bearish signals prevailing in the short-term. The mid and long-term scales turn neutral with 6 and 4 studies, respectively, and they are confirmed by the less than 4% short interbank stance.
And Euro/Yen sees 4 neutral indicators on both its short and mid-term charts, whereas the long-term scale is mostly bearish. Neutral at less than 9% short, the interbank matches the 1 and 4-hour models.
I’m Lucy Palfreeman and you’ve been watching the Primary Daily Trading Signals for Wednesday. Stay tuned for the hourly updates.
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