I’m Sinead MacLaughlin with the Main Daily Trading Signals for Thursday May 7th. Here’s how the technical models line up with the interbank sentiment at 8 AM GMT. There is a sea of green across Euro/Dollar’s charts with 5 Bullish prompts in the short term and 7 in both the mid and long term chart. Bullish at more than 19% long, interbank sentiment completely supports the technical models. The Cable is mostly bearish on the one hour scale with 4 prompts. The mid and long term scales turn neutral with 5 and 4 prompts respectively and these are supported by the less than 5% long interbank. Next up is the Dollar/Yen which is split between 3 buy and 3 sell prompts in the short term. The four hour scale is mostly bearish with 5 red indicators and the daily picture turns neutral with 6 prompts. Slightly Bearish at more than 15% short, interbank confirms the 4 hour scale. Pound/Yen has 4 neutral indicators prevailing in the short term. The mid term is split with 3 sell and 3 neutral signals. The daily chart returns to neutral with 4 prompts. The less than 8% short interbank supports the 1 and 24 hour models. EUR/YEN is overwhelmingly bullish in all three time ranges with 5 buy prompts in the short term and 8 and 7 in the mid and long term respectively. Neutral at less than 2% short, however, the interbank does not confirm the technical models. You’ve been watching the Primary Daily Trading Signals for Thursday but we’ll be providing you with the latest updates throughout the day, so check back.
I’m Sinead MacLaughlin with the Main Daily Trading Signals for Thursday May 7th. Here’s how the technical models line up with the interbank sentiment at 8 AM GMT.
There is a sea of green across Euro/Dollar’s charts with 5 Bullish prompts in the short term and 7 in both the mid and long term chart. Bullish at more than 19% long, interbank sentiment completely supports the technical models.
The Cable is mostly bearish on the one hour scale with 4 prompts. The mid and long term scales turn neutral with 5 and 4 prompts respectively and these are supported by the less than 5% long interbank.
Next up is the Dollar/Yen which is split between 3 buy and 3 sell prompts in the short term. The four hour scale is mostly bearish with 5 red indicators and the daily picture turns neutral with 6 prompts. Slightly Bearish at more than 15% short, interbank confirms the 4 hour scale.
Pound/Yen has 4 neutral indicators prevailing in the short term. The mid term is split with 3 sell and 3 neutral signals. The daily chart returns to neutral with 4 prompts. The less than 8% short interbank supports the 1 and 24 hour models.
EUR/YEN is overwhelmingly bullish in all three time ranges with 5 buy prompts in the short term and 8 and 7 in the mid and long term respectively. Neutral at less than 2% short, however, the interbank does not confirm the technical models.
You’ve been watching the Primary Daily Trading Signals for Thursday but we’ll be providing you with the latest updates throughout the day, so check back.
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