It’s time for Thursday’s Primary Daily Trading Signals. Here’s how the interbank sentiment compares with the technical studies at 8 AM GMT.
First up is the Euro/Dollar with 6 neutral models on its hourly chart. The mid-term is mostly bullish, but the daily outlook is back to neutral. The interbank is neutral as well at 7% long, and it supports the 1 and 24-hour models.
Pound/Dollar has neutral indicators prevailing on its short and mid-term charts, but the long-term scale turns bullish with 7 indicators, and it is confirmed by the more than 18% long interbank stance.
Next up is the Dollar/Yen with 5 neutral signals on both its 1 and 4-hour charts. The 24-hour scale is split between red and neutral models, but, in contrast, the interbank is strongly bearish at more than 40% short.
Pound/Yen sees 6 and 5 neutral prompts on its short and mid-term charts, respectively, whereas the daily scale is mostly bullish. Neutral at less than 4% short, the interbank matches the 1 and 4-hour models.
And neutral indicators dominate across all three time ranges for the Euro/Yen, with 6 in the short-term and 5 in both the mid and long term. Neutral at less than 13% short, the interbank backs up the technical studies.
I’m Celeste Skinner and these were the Main Daily Trading Signals for Thursday. Stay tuned for the hourly updates.
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