These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar’s hourly chart is split between neutral and bullish indicators, and the mid-term chart sees 5 neutral studies. The daily outlook is mostly bearish, but the interbank is neutral at less than 14% short, in line with the mid-term models.
4 studies point South on Pound/Dollar’s short-term chart, whereas the mid and long-term scales turn neutral with 5 studies each. The interbank is strongly bearish at more than 46% short, and it confirms the short-term technicals.
Neutral signals prevail on Dollar/Yen’s 1 and 4-hour charts. The 24-hour scale turns bullish with 5 studies, and it is supported by the more than 33% long interbank stance.
All three time ranges bring different results for the Pound/Yen, which is mostly bearish in the short-term. The mid-term brings 5 neutral signals, and the daily scale turns bullish with 4 models. Neutral at less than 11% long, the interbank matches the 4-hour studies.
And Euro/Yen has neutral models dominating on its 1 and 4-hour charts. All 8 studies are green on the 24-hour chart, but the interbank points in the other direction, being bearish at more than 17% short.
I’m ____ and you’ve been watching the Primary Daily Trading Signals for Wednesday. Stay tuned for the hourly updates.
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