You’re watching the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT.
Bullish signals prevail on Euro/Dollar’s short and mid-term charts, but the long-term scale turns bearish with 5 models, and it is in line with the more than 19% short interbank.
The Cable is mostly neutral in the short-term. The mid-term is split between red and neutral models, and the daily outlook brings 5 sell prompts, matching the more than 41% short interbank stance.
Next up is the Dollar/Yen with 4 neutral models on both its 1 and 4-hour charts. The 24-hour scale is mostly bullish, but the interbank is neutral at less than 12% short, and it supports the short and mid-term studies.
Pound/Yen is mostly neutral in the short-term. The mid-term brings 4 sell prompts, and the daily chart sees a mix of red and neutral models. Bearish at more than 17% short, the interbank confirms the 4-hour models.
And Euro/Yen sees 6 and 5 green signals on its short and mid-term charts, respectively. The long-term scale is divided between red and neutral signals but, in contrast, the interbank is bearish at more than 29% short.
I’m Jack Everitt and these were the Primary Daily Trading Signals for Wednesday. Track the latest developments with the hourly updates.
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