The Dukascopy TV team is back with Monday's Primary Daily Trading Signals. I'm Jessica Walker and here's how the technical models compare with the interbank stance on this first day of the trading week.
First up is the Euro/Dollar with 4 and 6 neutral indicators on its short and mid-term charts, respectively, and 6 sell prompts on its daily scale. The interbank is neutral at less than 8% short, and it confirms the 1 and 4-hour models.
Bearish indicators prevail on Pound/Dollar's hourly chart. The mid and long-term scales bring 5 neutral studies each, and they are in line with the less than 13% long interbank stance.
Dollar/Yen sees consistent results across the table, as it has 5 neutral models on its 1, 4 and 24-hour scales, but, in contrast, the interbank is bullish at more than 51% long.
Pound/Yen is mostly neutral in the short-term. The mid-term is split between red and neutral models, and the daily outlook is back to neutral. The interbank is neutral as well at less than 13% long, and it confirms the 1 and 24-hour models.
And last up is the Euro/Yen with 5 neutral studies on both its short and mid-term charts. The long-term scale is mostly bearish. Neutral at less than 1% long, the interbank matches the short and mid-term models.
You've been watching the Main Daily Trading Signals for Monday. Check back throughout the day for the latest updates.
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