These are the Main Daily Trading Signals for Thursday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar has bullish signals prevailing in the short-term. The mid and long-term scales turn bearish with 5 and 6 studies, respectively, but they are not quite in line with the interbank, which is neutral at less than 15% short.
Next up is the Cable with 5 sell prompts on its hourly chart. The 4 and 24-hour charts bring 4 and 5 neutral models, respectively, but the interbank is bearish at more than 42% short, and it supports the 1-hour models.
There’s green across the table for the Dollar/Yen, which sees 6 buy prompts in both the short and long-term and no less than 8 bullish signals in the mid-term. The interbank is bullish as well at more than 28% long, and it matches the technicals.
Pound/Yen also sees green models prevailing in all three time ranges, with 7 in the short-term, 6 in the mid-term and 8 in the long-term, and, indeed, the technicals are confirmed by the more than 15% long interbank.
And Euro/Yen is yet another Yen pair which sees bullish signals dominating across the chart, with 7 in the short, mid and long-term, but the interbank points in the other direction, being bearish at more than 15% short.
I’m _____ and these were the Primary Daily Trading Signals for Thursday. You may track the latest developments with the hourly updates.
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