Trading Signals

These are the Main Daily Trading Signals where we take a look at the technical studies and how they compare to the interbank stance at 8 AM.
Euro/Dollar’s hourly chart is mostly red, but both the mid and long terms have 6 neutral signals and they are backed up by the less than 10% long interbank stance.
The Cable’s 1 and 4 hour charts have 5 and 4 neutrals respectively. Daily range shows mixed results with 3 buy and 3 sell prompts. Interbank sentiment is bearish, standing close to 28% short.
Hourly studies are mostly neutral for the Dollar/Yen. Mid and long terms bring 4 and 5 green signals respectively and they are in line with the 44% long interbank.
All three time scales bring an equal number of 4 neutral signals for the Sterling/Yen and this outlook is confirmed by the only 9% short interbank.
Last up is the Euro/Yen, which has 5 neutrals in the hourly chart and 4 neutral signals in the mid term. There are 6 green prompts in the daily scale. The less than 12% short interbank is in line with the 1 and 4 hour studies.
I’m Sam Meredith and that wraps up the Primary Daily Trading Signals for Thursday, but do click back for automated hourly updates.