It’s 8 AM GMT, which means it’s time for Thursday’s Main Daily Trading Signals.
Euro/Dollar has neutral signals prevailing in all three time ranges, with 5 in the short-term and 4 in both the mid and long-term, but, in contrast, the interbank is bearish at more than 19% short.
5 studies point South on the Cable’s hourly chart. The 4 and 24-hour scales are mostly neutral, but the interbank is strongly bearish at more than 36% short, and it supports the 1-hour models.
There’s green across the table for the Dollar/Yen, which sees 4 buy prompts in the short-term, 6 in the mid-term and 5 in the long-term, but the technicals are not confirmed by the interbank, which is neutral at less than 12% short.
Pound/Yen sees 5 neutral indicators on both its short and mid-term charts, and the daily outlook turns bullish with 4 models. On the other hand, the interbank is bearish at more than 15% short.
And Euro/Yen is overwhelmingly bullish in the short and mid-term. The daily chart brings 6 neutral models, but the interbank is bearish at more than 26% short, and it does not match the technicals.
You’ve been watching the Primary Daily Trading Signals with me, Celeste Skinner. Check back in for the hourly updates.
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