It's time for this week's first Main Daily Trading Signals. I'm Jessica Walker with a closer look at how the technical models compare with the interbank sentiment at 8 AM GMT.
First up is the Euro/Dollar with 5 neutral indicators on its hourly chart. The mid and long-term scales are mostly bearish, but the interbank is neutral at less than 6% short, and it matches the 1-hour models.
Pound/Dollar sees 5 sell prompts on both its 1 and 4-hour charts, but the 24-hour scale turns neutral with 5 models, and it is in line with the less than 5% long interbank sentiment.
Dollar/Yen has neutral indicators prevailing across all three time ranges, with 5 in the short-term, 4 in the mid-term and 6 in the long-term, but, in contrast, the interbank is bullish at more than 44% long.
Pound/Yen's hourly chart is divided between neutral and green models, and the mid-term scale is mostly bearish. The daily outlook brings 6 neutral indicators, and it is backed up by the less than 6% long interbank stance.
And bullish indicators prevail on Euro/Yen's hourly chart. The mid and long-term scales turn red with 4 and 5 studies, respectively, and they are confirmed by the more than 49% short interbank stance.
That's all for Monday's Primary Daily Trading Signals. Check back in throughout the day for the latest updates.
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