Good morning, traders. Here’s how the technicals compare with the interbank at 8 AM GMT on Monday.
Euro/Dollar’s short and mid term models are mostly neutral. There are 6 red signals in the daily scale, matching the 25% short interbank sentiment.
Most of the indicators are neutral in the Cable’s hourly chart. Mid and long term models are mostly pointing South, just like the 32% short interbank stance.
Dollar/Yen’s 1 and 4-hour charts have 5 and 4 neutral signals respectively. There are 4 sell signals in the long term, but the only 6% long interbank matches the 1 and 4-hour neutrals.
Pound/Yen’s hourly chart shows 5 neutral signals. Mid and long term models are mostly showing red. The only 11% long interbank is neutral.
Neutrals are in the lead of the 1 and 4-hour charts for the Euro/Yen. 6 models are pointing South in the daily range, but the 31% long interbank sentiment points in the opposite direction.
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