It’s 8AM GMT on this Friday morning and it’s time for the Main Daily Trading Signals.
Euro/Dollar’s short term chart is split between sell and neutral models. The mid and long term charts both have 5 neutrals each, however, the interbank is bullish at more than 16% long and it does not match any of the time frames.
Neutral signals prevail on the Cable’s 1 and 4-hour charts with 5 and 4 studies respectively. But the daily chart is showing a different story with 5 sell technicals. Bearish at more than 28% short, the interbank supports the daily outlook.
Dollar/Yen’s short term chart is split between green and neutral models, however, the mid and long term charts both have 5 red confirmations each. The interbank is bearish at more than 35% short, lining up with the mid and long term charts.
The one hour chart for Pound/Yen is divided between red and green prompts. Whereas the 4 hour and daily time scale show a bearish picture with 5 signals each. In contrast, the interbank is neutral at less than 1% short and it does not support the technicals.
And last for this overview is the Euro/Yen, which has bearish signals dominating all three time periods. The interbank is at odds with the signals however, coming in bullish at more than 46% long.
So that wraps up this week’s last Daily Trading Signals – but don’t go anywhere as these stats will be updated on an hourly basis.