Credit: Shutterstock photoYou're watching the Main Daily Trading Signals for Monday. Here's how the technicals line up with the interbank at 8 AM GMT.
Euro/Dollar is overwhelmingly bullish in the short-term. The mid-term is split between green and neutral models, and the long-term sees 5 sell prompts but, in contrast, the interbank is neutral at less than 12% long.
The Cable has neutral models prevailing in all three time ranges, with 4 in the short-term, 5 in the mid-term and 6 in the long-term, and the technicals indeed are in line with the less than 2% short interbank.
All three time ranges bring different results for the Dollar/Yen, which sees 4 bearish models in the short-term and 5 neutral signals in the mid-term.The daily chart turns bullish with 5 studies, and it's supported by the more than 27% long interbank. Pound/Yen's hourly chart is divided between red and neutral models. The mid and long-term scales see 6 and 5 neutral signals, respectively, matching the less than 11% long interbank stance.
And Euro/Yen sees 5 neutral models in the short-term. The mid-term sees a mix of red and green signals and the daily outlook is split between green and neutral technicals. In contrast, the interbank is bullish at more than 23% long.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
