Hello, I'm Sinead MacLaughlin with Wednesday's Primary Daily Trading Signals. Let's see how the technical studies line up with the interbank stance at 8 AM GMT.
First up is the Euro/Dollar with 6 neutral indicator on its hourly chart. The 4-hour scale is divided between neutral and green models, and the 24-hour chart is mostly bearish. Neutral at less than 5% short, the interbank supports the short-term studies.
Pound/Dollar sees 7 and 4 bullish signals on its short and mid-term charts, respectively, and the long-term scale turns neutral with 4 models. The interbank is bullish at more than 20% long, and it matches the 1 and 4-hour indicators.
All three time ranges bring different results for the Dollar/Yen, which is mostly neutral in the short-term and bearish in the mid-term. The daily outlook brings 4 green models, and it is in line with the more than 52% long interbank.
There's green across the table for the Pound/Yen, which sees 5 buy prompts on its short, mid and long-term charts, but, in contrast, the interbank is neutral at less than 10% long.
And last up is the Euro/Yen with 6 neutral indicators on its 1-hour chart. The mid-term is split between neutral and red models, and the daily outlook is mostly bearish. Neutral at less than 2% short, the interbank confirms the short-term studies.
So that's all for Wednesday's Main Daily Trading Signals, but these data will be updated on an hourly basis, so stay tuned.
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