These are the Dukascopy Daily Trading Signals for Monday. Here's how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar has 5 neutral signals in the hourly chart. The mid term models show mixed results and 6 studies point lower in the daily chart. Interbank sentiment is bullish at more than 23 percent long. Most of the indicators are red in all three time ranges for the Cable, but the only 5 percent long interbank stance is neutral. Dollar/Yen's 1 and 4-hour charts bring 5 and 4 green prompts respectively. The daily models show mixed results. Interbank exposure is neutral at only 10 percent short. Pound/Yen has 5 neutral signals in both the 1 and 4-hour charts. There are 4 sell prompts in the daily range. The more than 20 percent long interbank is bullish. Euro/Yen's short and mid term charts have 4 and 6 neutrals respectively. 6 models point lower in the daily chart. Interbank sentiment is neutral, matching the 1 and 4-hour indicators.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Recommended Content
Editors’ Picks
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.
Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.
Bears have been standing before a steamroller so far this year
Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.