Good morning traders, the team brings you the Main Daily Trading Signals for Wednesday.
The first pair for this report is the Euro/Dollar, which sees 5 sell prompts on both its 1 and 4-hour charts and 5 bullish signals on its 24-hour scale. The interbank is bullish as well at more than 19% long, matching the long-term studies.
Neutral signals prevail across the chart for the Cable, with 5 neutral models in the short-term and 4 in both the mid and long-term, but, in contrast, the interbank is bearish at more than 22% short.
Red indicators prevail on Dollar/Yen’s hourly chart. The mid-term sees a mix of green and neutral models, and the long-term turns neutral with 6 studies, in line with the less than 11% short interbank.
Pound/Yen’s short-term scale is split between red and neutral signals, whereas the mid and long-term scales bring 4 and 6 neutral models, respectively, but the technicals are not supported by the interbank, which is bullish at more than 17% long.
And all three time ranges bring different results for the Euro/Yen, which is mostly bearish in the short-term. The mid-term sees 6 neutral models, and the long-term brings 4 buy prompts. Neutral at less than 4% short, the interbank confirms the 4-hour studies.