Hello, I’m Sinead MacLaughlin with the Primary Daily Trading Signals for Wednesday. Let’s take a closer look at the technical studies and how they compare with the interbank sentiment at 8 AM GMT. Euro/Dollar is overwhelmingly bullish in all three time ranges, as Stochastic on its daily chart is the only neutral model across the table, but the technical studies are not quite in line with the less than 8% long interbank sentiment. All eight models point North on the Cable’s 1 and 4 hour charts, and the 24-hour scale turns neutral with 6 studies, but, in a notable contrast, the interbank is actually bearish at more than 17% short. Next up is the Dollar/Yen with 6 sell prompts on both its short and mid-term charts. The daily outlook turns neutral with 6 indicators, and it is supported by the less than 7% short interbank sentiment. Bearish signals prevail on the Pound/Yen’s short and mid-term scales, and the long-term chart brings a mix of green and neutral models, but the technical studies are not backed up by the less than 8% long interbank. And Euro/Yen’s hourly chart is split between sell and neutral prompts. The mid-term sees a mix of neutral and green indicators, and the long-term scale is mostly bullish. The interbank is neutral at less than 2% short, and it does not match the technical models. That’s all for Wednesday’s Main Daily Trading Signals, but you may track the latest developments with the latest updates.
Hello, I’m Sinead MacLaughlin with the Primary Daily Trading Signals for Wednesday. Let’s take a closer look at the technical studies and how they compare with the interbank sentiment at 8 AM GMT.
Euro/Dollar is overwhelmingly bullish in all three time ranges, as Stochastic on its daily chart is the only neutral model across the table, but the technical studies are not quite in line with the less than 8% long interbank sentiment.
All eight models point North on the Cable’s 1 and 4 hour charts, and the 24-hour scale turns neutral with 6 studies, but, in a notable contrast, the interbank is actually bearish at more than 17% short.
Next up is the Dollar/Yen with 6 sell prompts on both its short and mid-term charts. The daily outlook turns neutral with 6 indicators, and it is supported by the less than 7% short interbank sentiment.
Bearish signals prevail on the Pound/Yen’s short and mid-term scales, and the long-term chart brings a mix of green and neutral models, but the technical studies are not backed up by the less than 8% long interbank.
And Euro/Yen’s hourly chart is split between sell and neutral prompts. The mid-term sees a mix of neutral and green indicators, and the long-term scale is mostly bullish. The interbank is neutral at less than 2% short, and it does not match the technical models.
That’s all for Wednesday’s Main Daily Trading Signals, but you may track the latest developments with the latest updates.
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