It’s time for Thursday’s Main Daily Trading Signals. Here’s how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar is strongly bullish in its short and mid-term charts, but the daily outlook turns neutral with 5 models, and it is supported by the less than 11% long interbank stance.
Pound/Dollar is mostly neutral in the short-term. The mid-term is split between green and neutral studies, and the long-term is back to neutral with 5 models. The interbank is neutral as well at less than 9% short, and it matches the 1 and 24-hour indicators.
Dollar/Yen sees a mix of red and neutral studies in on its hourly chart, but the mid and long-term scales bring 4 and 5 neutral indicators, respectively, and they are backed up by the less than 12% short interbank.
Bearish signals prevail on Pound/Yen’s hourly chart. The mid and long-term scales bring 6 neutral indicators each, and they are supported by the less than 4% short interbank stance.
And Euro/Yen sees 5 neutral indicators in the short-term. The mid-term is split between green and neutral models, and the daily chart is back to neutral. In contrast, the interbank is bearish at more than 17% short.
I’m Sam Meredith and you’ve been watching the Primary Daily Trading Signals. Stay with us for the hourly updates.
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