Hello, traders, let’s find out how the interbank compares with the technicals on this first trading day of the year.
There’s green across the table for the Euro/Dollar, which sees 7 buy prompts in the short-term and 6 green models in both the mid and long-term, and the technicals indeed are in line with the more than 17% long interbank.
The Cable also has bullish models prevailing on all three time ranges, with 7 green models on both its 1 and 4-hour charts and 6 bullish signals on its 24-hour scale, but, in contrast, the interbank is neutral at less than 5% short.
Neutral models dominate on Dollar/Yen’s hourly chart. The mid and long-term scales see 5 and 4 bearish signals, respectively, but the interbank points in the other direction, being bullish at more than 17% long.
Pound/Yen sees exactly 7 buy prompts on its short, mid and long-term charts, but the remarkably bullish technicals are not supported by the interbank, which is neutral at less than 8% short.
And Euro/Yen also is overwhelmingly bullish in all three time ranges, with 7 green signals in the short, mid and long-term. The interbank is strongly bullish as well at more than 40% long, and it matches the technicals.