Credit: Shutterstock photoThese are the Main Daily Trading Signals for Monday. Here's how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar has bearish models prevailing in the short-term. The mid and long-term scales turn neutral with 5 studies each, and they are supported by the less than 15% long interbank. All three time ranges bring different results for the Cable, which is mostly bearish in the short-term.
The mid-term sees 5 neutral models, and the daily outlook brings 4 buy prompts. Neutral at less than 3% long, the interbank confirms the 4-hour studies.
There's green across the table for the Dollar/Yen, which sees 7 buy prompts in the short-term, no less than 8 bullish signals in the mid-term and 5 green models in the long-term, but, in contrast, the interbank is neutral at less than 14% short.
Pound/Yen's hourly chart is split between red and neutral models. The mid-term scale sees a mix of green and neutral signals, and the daily chart is mostly bullish, but the interbank is neutral at 4% short and does not match the technicals.
And Euro/Yen sees 5 neutral signals on its 1-hour chart. The 4 and 24-hour scales turn bullish with 6 studies each, and they indeed are in line with the 49% long interbank sentiment.
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.
