You’re watching the Main Daily Trading Signals for Tuesday. Here’s how the technicals compare with the interbank sentiment at 8 AM GMT.
Bullish signals dominate on Euro/Dollar’s 1 and 4-hour charts, and the 24-hour scale is split between green and neutral models. Bullish at more than 27% long, the interbank supports the short and mid-term studies.
The Cable is overwhelmingly bullish in the short and mid-term, but the daily outlook turns neutral with 4 studies, and it is in line with the 8% short interbank sentiment.
4 studies point South on Dollar/Yen’s hourly chart. The mid-term sees a mix of sell and buy prompts, and the long-term is back to bearish. The interbank is bearish as well at more than 32% short, and it matches the 1 and 24-hour models.
Next up is the Pound/Yen with 6 green signals on its 1 and 4-hour charts, respectively. The 24-hour scale is mostly neutral, but, in contrast, the interbank is bearish at more than 27% short.
And Euro/Yen has neutral signals prevailing in all three time ranges, with 4 in both the short and long-term and 5 in the mid-term, but they are not backed up by the interbank, which is bearish at more than 24% short.
I’m Sam Meredith and you’ve been watching the Primary Daily Trading Signals for Tuesday. Stay tuned for the hourly updates.
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