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 mostly neutral in the short-term, and the mid-term is split between green and neutral studies. The daily outlook brings a mix of sell and neutral prompts, but the interbank is neutral at less than 6% long, matching the 1-hour models.
The Cable sees 5 neutral indicators on both its 1 and 4-hour scales and 5 bearish models on its 24-hour chart. The interbank is neutral at less than 10% short, and it backs up the short and mid-term studies.
Dollar/Yen has neutral indicators prevailing in all three time ranges, with 6 in both the short and mid-term and 5 in the long-term but, in contrast, the interbank is bearish at more than 29% short.
Next up is the Pound/Yen with 6 and 5 neutral models on its 1 and 4-hour charts, respectively. The daily chart is mostly bearish, but the interbank is neutral at less than 4% short, and it supports the short and mid-term studies.
And neutral signals dominate across the chart for the Euro/Yen, with 6 in the short-term and 5 in both the mid and long-term, but they are not confirmed by the bearish interbank, which stands at more than 26% short.
I’m Celeste Skinner and these were the Primary Daily Trading Signals for Thursday. Stay tuned for the hourly updates.
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