Credit: Shutterstock photoThese are the Main Daily Trading Signals for Tuesday. Here's how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees a contradicting mix of sell and buy prompts on its hourly chart. The 4-hour scale is mostly bullish, and the 24-hour chart turns neutral with 5 models, in line with the less than 15% long interbank.
Next up is the Cable with 4 neutral signals in the short-term. The mid-term is divided between green and neutral models, and the long-term sees 4 sell prompts. Neutral at less than 10% long, the interbank confirms the 1-hour studies.
There's green across the table for the Dollar/Yen, which sees 4 buy prompts in the short-term, 6 in the mid-term and no less than 7 in the long-term, but the interbank points in the other direction, being bearish at more than 16% short.
Pound/Yen also has bullish signals prevailing in all three time ranges, with 4 green models in both the short and long-term and 5 buy prompts in the mid-term, but, in contrast, the interbank is neutral at less than 2% long.
And Euro/Yen is yet another Yen pair with green models dominating across the chart, as it sees 4 buy prompts in the short-term and 7 in both the mid and long-term, and, for once, the technicals indeed are supported by the interbank, which is very much bullish at more than 48% 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.
