EUR/USD Update and USD/JPY Setup

The Markets are still moving a lot and that means trade setups! In today’s analysis, we’ll update you on the EUR/USD trade from yesterday and talk about the potential trade on the USD/JPY:

 

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  • NathanTucci

    Hey Greg, I am certainly sorry that you don’t get anything out of it. I thought I explained my exact plan on the USD/JPY and why I wanted to take a trendline break to the short side, but perhaps I was not clear since you mentioned that I did not say anything I was actually doing. However, I would like to tell you that “repercussions” are not of any concern 🙂 I lose trades ALL THE TIME and I don’t have any problem letting people know. Maybe I do need to work on being more clear, I will take that into consideration; but I sure don’t mind letting folks know what trades I am in even if they are losing. Thanks for your comment, I appreciate the critique.

  • NathanTucci

    Hi Figen, thanks so much! I am glad the analysis is helpful for traders like you!

  • NathanTucci

    Thanks David, so glad it is helpful!

  • NathanTucci

    Adam, great chart.. I agree with your AUD/JPY short completely, we had NZD/JPY short so almost same trade! Well done.. And yeah, USD/JPY has already moved NICELY through that trendline so hope you got some pips on that 🙂

  • Eric Lambert

    Greg don’t embarrass yourself pal you don’t really know what your talking about and quite frankly you don’t even sound like a trader of the currency markets okay. Nathan is one of the best I’ve seen at explaining the forex markets. With a strong bearish dollar index coupled with strong risk Aversion sending the usdjpy lower which on turn has been moving Eurusd higher. Do your homework first before you speak sir. Chao.

  • david laracuente

    Thanks Nathan, Been watching for a while and learned a lot from your daily analysis.

  • adam

    Hey nathan, not sure if I can load a chart on here. I had a TL on the daily chart usd jpy. An outer Tl of the hole move up. It broke it and retested and had that big move down. yesterday. I took the aud jpy short and it was a bigger move. I have now put in your TL also and looks like a good short.

  • Greg, I have got to say you must not have been around this site very long. Nathan does many calls in the analysis and if he is wrong he claims it in front of the whole world. Stick around Greg and I think you will be amazed at some of the great trading setups we produce. Also don’t for get to follow Nathan on twitter. https://twitter.com/forexnathan

  • Khalid Abdulla

    Thanks.

  • Eric Lambert

    Hi Nathan thanks for the great daily analysis. One thing I was just going to say is that I don’t trade the roughly 20 pairs that we go over in the trading room. I do however trade primarily two pairs being the EURUSD and the GBPJPY, however, what I do when those two don’t have a setup or opportunity, is I keep an eye on other pairs and they are as follows, GBPUSD, USDJPY, AUDUSD, AUDJPY, CADJPY, CHFJPY, EURJPY. Never do I trade all of them at any point, that’s just not smart in my opinion to do so. But when I see a Yen pair group all going the same direction strongly, that’s when I will go with my gbpjpy or the second best looking as far as the chart look and indicators confirming it as well. So what I think I will do is sit back for the trade room sessions and watch and listen and then when they announce any of the pairs in my group that I watch for, those I will pay extra attention to what they say and then to what you say or think on them for sure and on Twitter as well for sure.
    Ive been trading for six years now but felt there were things I still needed to know better on my Analysis of the charts in regards to viewing things for drawing my trend lines and spotting setups and retests and continuations and breaks as you call them of tops and bottoms of the candles or bars. So hopefully I can work on getting better with those areas with you guys.
    Thank you

  • pete Willis

    perhaps you need to go back to forex school, Nathan does a great job for those with eyes to see.Most of us can see his charts well so perhaps its an eyesight thing with you,if you don’t get anything out of this then find another sight and leave this to the ones of us that do,keep up the great work Nathan I for one appreciate

    your work mate.

  • Figen

    Thanks for your explanations! I am watching every episode!

  • Greg

    It could go up, it could go down. I can tell you that! Sorry but I don’t really get much out of your so called “analysis”. I would like to know exactly what your setups are. Be more specific! Or are you too scared of any repercussions? If so, what’s the point with this? And by the way it is very hard to see the charts. They are too small.