It’s 8AM GMT, and it’s time for the Dukascopy Main Daily Trading Signals.
Euro/Dollar has an even split of sell and neutral indicators in the short and mid term charts, with an equal 4 and 3 prompts respectively. The 24 hour chart has 4 neutrals. The interbank is neutral at more than 6% long, which supports the daily outlook.
The Cable has an even split of 4 sell and neutral technicals in the 1 hour time range. The signals turn bearish in the mid-term with 4 red indicators, and the daily outlook has 4 neutrals. The interbank is neutral at more than 12% short, which confirms the 24 hour time range.
Dollar/Yen is next, and following the trend has an even split of sell and neutral indicators in the short and mid term charts, with an equal 4 and 3 prompts respectively. The signals turn neutral in the 24 hour chart. The interbank is bearish at more than 42% short, which does not support any of the three time ranges.
Pound/Yen has an equal 4 neutral and sell prompts in the short term. The signals turn bearish in the 4 hour chart, and the daily outlook has 5 neutrals. The interbank is neutral at more than 4% short, backing up the 24 hour time range.
And last for this overview is the Euro/Yen which also has an even split of neutral and sell technicals in the 1 and 4 hour time ranges, with an equal 4 and 3 signals respectively. The daily outlook has 5 neutrals. In comparison the interbank is bearish at more than 30% short, which does not line up with any of the three time ranges.
And that wraps up Friday’s Daily Trading Signals, but make sure to keep checking back to see how the markets are responding to Brexit. Goodbye.
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