4 Daily Trade Possibilities

Hi guys, Nathan here with your End of Day Analysis.

(make sure you are following me on Twitter)

I want to highlight Four different daily trade possibilities in our analysis today. Make sure you leave your feedback on these!

First, we will start with the famous EUR/USD

Right now, the Euro is coming against one of its whole number prices along with a huge area of historic price. It’s not likely that the EUR/USD will cruise through this area, but I do think there is some upside potential here (many people are getting extremely bearish on USD, so we’ll see what affect that has here):

eu_august_26

 

 

The next pair I think has some interesting potential is the USD/CAD

Speaking of  USD weakness, the USD/CAD looks like it is ready for a pullback, but I would be very aware of the 1.0420-1.0440 area for a continuation of the bullish trend. I am not sure this run is over.

usd_cad_aug_25

 

 

Another interesting pair is the EUR/GBP

The EUR/GBP is very sluggish as you probably know, but there is still a lot of potential here.

Being near the key level of .8600, I suggest keeping your eyes open for a good break to either side and waiting for a good chance to jump on it. This pair could be ready for a good run.

eur_gbp_aug_25

 

Lastly, the EUR/JPY.

 

I haven’t touched much on the Yen pairs lately due to their lack of movement, but I believe we have one opportunity on the horizon here.

The bearish move seems evident (though ALWAYS be wary of a break to the opposite side), but there are 3 distinct targets worth noting for those wanting to short.

eur_jpy_aug_25

 

 

Thanks for checking out my analysis, feel free to leave your thoughts and comments below!

 

Nathan

 

 

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  • forex1966

    sir u may be right on eur usd

  • I took all the trades. Already hit my eur/jpy target. Thanks Nathan.

  • piphunter

    Many Thanks Nathan, my analysis said to short EURJPY too, so I took your advice and up100 pips so far!

  • novry

    thanks Nathan