Bearish Signals for the Yen Pairs [Video]
|These are the Dukascopy Daily Trading Signals for Monday. Here's how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar’s short term models mostly point up, but both the mid and long term indicators provide a neutral outlook. Interbank sentiment is bearish at close to 20% short. Most of the technicals indicators are neutral for the Cable in all three time ranges, which is in line with the less than 1% short interbank. Dollar/Yen has 6 sell prompts in the hourly scale. Mid and long term charts both have 4 bearish signals. Interbank stance points in a different direction at 18% long. Pound/Yen has an equal number of 6 bearish signals in all three time scales. Interbank sentiment is pointing up at 17% long. Euro/Yen has red prompts across all three time ranges as well. Interbank stance is less defined at only 11% long. I'm Kiays Khalil and you've been watching the Daily Trading Signals for Monday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.