These are the Main Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT. Euro/Dollar sees 5 and 6 neutral models on its 1 and 4-hour charts, respectively. All 8 models point North on the 24-hour scale, and they are in line with the more than 19% long interbank. All three time ranges bring different results for the Cable, which is mostly bearish in the short-term. The mid-term sees 5 neutral models, and the daily outlook turns green with 5 studies. Neutral at less than 3% short, the interbank confirms the 4-hour studies. Dollar/Yen has 5 neutral signals in the short-term, while the mid and long-term charts bring 6 buy prompts each, but the interbank points clearly in the other direction, being bearish at more than 29% short. 6 studies predict no major price changes on Pound/Yen’s hourly chart. The mid and long-term scales see 5 and 7 buy prompts, respectively, but the interbank is neutral at less than 5% short, and it matches the 1-hour studies. And Euro/Yen sees 6 neutral signals in the short-term. Bullish models prevail on the mid and long-term charts, but the interbank is neutral at less than 13% short, backing up the 1-hour models. I’m Jack Everitt and these were the Primary Daily Trading Signals for Wednesday. Stay tuned for the hourly updates.
These are the Main Daily Trading Signals for Wednesday. Here’s how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 and 6 neutral models on its 1 and 4-hour charts, respectively. All 8 models point North on the 24-hour scale, and they are in line with the more than 19% long interbank.
All three time ranges bring different results for the Cable, which is mostly bearish in the short-term. The mid-term sees 5 neutral models, and the daily outlook turns green with 5 studies. Neutral at less than 3% short, the interbank confirms the 4-hour studies.
Dollar/Yen has 5 neutral signals in the short-term, while the mid and long-term charts bring 6 buy prompts each, but the interbank points clearly in the other direction, being bearish at more than 29% short.
6 studies predict no major price changes on Pound/Yen’s hourly chart. The mid and long-term scales see 5 and 7 buy prompts, respectively, but the interbank is neutral at less than 5% short, and it matches the 1-hour studies.
And Euro/Yen sees 6 neutral signals in the short-term. Bullish models prevail on the mid and long-term charts, but the interbank is neutral at less than 13% short, backing up the 1-hour models.
I’m Jack Everitt and these were the Primary Daily Trading Signals for Wednesday. Stay tuned for the hourly updates.
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