Vlad Demochko
These are the Main Daily Trading Signals with a closer look at the technical models and how they compare with the interbank at 8 AM GMT.
Euro/Dollar sees 4 buy 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 1% long interbank.
All three time ranges bring different results for the Cable, which is mostly bullish in the short-term and neutral in the mid-term. The long-term chart brings 6 sell prompts, matching the more than 40% short interbank.
There's red across the table for the Dollar/Yen, which sees 7 bearish models in the short-term, 5 in the mid-term and 6 in the long-term. In contrast, the interbank is neutral at less than 1% long.
Pound/Yen also sees bearish signals prevailing in all three time ranges, with 4 sell prompts in the short-term and 6 in both the mid and long-term, but the technicals are not supported by the interbank, which is neutral at 4% short.
And Euro/Yen is another Yen pair which has bearish signals dominating across the chart, with 5 on its 1 and 24-hour scales and 6 on its 4-hour chart but, once again, the technicals are not confirmed by the less than 4% short interbank.
I'm Kiays Khalil and you've been watching the Primary Daily Trading Signals for Tuesday. Stay tuned for the hourly updates.
Video made by Dukascopy specialists
Vlad Demochko
