Good morning, traders, you’re watching the Main Daily Trading Signals for Wednesday.
Euro/Dollar has 5 neutral models in the short-term. The mid-term is mostly bearish, and the long-term is back to neutral, but, in contrast, the interbank is bullish at more than 18% long.
Bearish signals prevail on the Cable’s 1 and 4-hour charts. The 24-hour scale sees 6 neutral models, and it is supported by the less than 2% short interbank sentiment.
Next up is the Dollar/Yen with 6 bearish signals on both its short and mid-term charts. The long-term scale turns neutral with 5 studies, but the technicals are not backed up by the interbank, which is bullish at more than 25% long.
Pound/Yen also sees bearish models prevailing in the short and mid-term, whereas the daily outlook brings 5 neutral models. As to the interbank, it is bullish at more than 43% long and does not match the technicals.
And Euro/Yen is yet another Yen pair which has bearish models dominating on its 1 and 4-hour charts. The 24-hour scale turns neutral with 5 studies, but, once again, the technicals are not in line with the more than 31% long interbank.