I’m Sinead MacLaughlin with the Primary Daily Trading Signals. Let’s take a look at how the interbank stance compares to the technical studies at 8 GMT.
Technical studies show a bullish outlook for the Euro/Dollar in the short term. Mid and long term indicators are mostly neutral and they are in line with the less than 6% short interbank stance.
There are 5 green indicators in the Cable’s short term. Mid term studies are neutral and the daily range brings 7 red signals. The only 12% short interbank matches the 4 hour signals.
Green is the colour for the Dollar/Yen. 5 models are bullish in the short term and 4 in both the mid and long terms. Interbank stance is less defined, standing at less than 1% short.
All 8 models forecast bullish rate movement for the Pound/Yen in the hourly chart. Mid term models are mostly green as well and the daily range brings 5 neutral signals, which are backed up by the only 1% long interbank.
Euro/yen’s short term studies are all bullish. Mid and long terms both have 4 green signals. Technical studies are in line with the 27% long interbank sentiment.
That brings Tuesday’s Main Daily Trading Signals to an end. These stats are updated on an hourly basis throughout the day so stay tuned.

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