Credit: Shutterstock photoThese are the Main Daily Trading Signals for Monday. Here's how the interbank compares with the technicals at 8 AM GMT.
4 studies point South on Euro/Dollar's hourly chart, whereas the 4 and 24-hour scales see 4 neutral studies each, matching the less than 13% long interbank. Neutral signals prevail across the chart for the Cable, which has 6 neutral models in the short-term, 5 in the mid-term and 4 in the long-term, but, in contrast, the interbank is actually bullish at more than 18% long.
Next up is the Dollar/Yen with 6 and 4 neutral signals on its 1 and 4-hour charts, respectively. The daily outlook is mostly bullish, but the interbank is neutral at less than 1% short, and it supports the short and mid-term studies. Pound/Yen sees 6 and 5 neutral models on its short and mid-term scales, respectively, while the long-term chart turns bullish with 4 models.
Neutral at less than 7% long, the interbank confirms the 1 and 4-hour models. And all three time ranges bring different results for the Euro/Yen, which sees 5 sell prompts in the short-term and 4 neutral models in the mid-term. The long-term scale brings 4 bullish signals, in line with the more than 33% long interbank.
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.
