USD/JPY Bulls Awakening from Demand Zone | 4H Smart Money AnalysUSD/JPY just bounced cleanly from a well-defined demand zone (140.550 - 144.206). This area aligns perfectly with volume accumulation and prior rejection zones, hinting at smart money activity.
🔰 Bullish Structure Confirmation:
Double bottom formation at demand
Bullish engulfing candle closing above minor resistance
Price reacting to macro support & strong U.S. news expected 🇺🇸
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📌 Key Levels to Watch:
🔸 Demand Zone: 140.550 – 144.206
🔹 First Target Resistance: 148.419
🔹 Main Supply Zone: 155.589
📈 Short-Term Bias: Bullish
📉 Invalidation Zone: Break below 140.550
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🔍 What’s Fueling This Setup?
Price entering fresh demand + volume spike
Potential DXY strength pushing USD up
Buyers clearly stepping in after a long corrective wave
June data catalysts ahead (NFP, FOMC – shown with calendar icons)
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🎯 Trading Plan:
✅ Buy entry: On 4H retest around 143.900–144.100
🎯 TP1: 148.419
🎯 TP2: 155.589
❌ SL: Below 140.400 (outside demand box)
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🧠 Pro Tip:
Don’t chase price – wait for a clear retest or confirmation. Let the market come to you. Also, combine this setup with DXY analysis for stronger confluence.
💬 Are you riding this bullish wave or waiting for more confirmation? Drop your chart views or trade ideas 👇
🔔 Follow for more setups on USD majors and smart money analysis.
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Forex market
USD/CHF POTENTIAL SHORTSUSD/CHF 4H - As you can see from this market, price has been continuing to trade us lower longer term, delivering us with a higher timeframe break of structure to the downside recently.
This as we know confirms an end to the corrective wave that has traded price up and into the higher timeframe Supply and confirms the start of the next impulse to trade price lower. This is a market I will be looking to take part in shortly.
As soon as price has trade into this fractal area of Supply that has been found by looking at the impulsive wave that broke structure initially we can begin looking to take the market short.
This is a case of waiting for price to trade into the area, giving us a more refined trade and one at a better price, as soon as I have something I will be sure to let you all know.
EUR/USD POTENTIAL TRADE SETUPEUR/USD 30M - As you can see price has recently come to clear an area of Demand, we have since seen price trade us to the upside suggesting enough Demand has been introduced to potential flip the balance.
We will get confirmation of this once we see price break the last protected high within the bearish move that traded price down and into the Demand Zone in the first place, once we have been delivered with that we have means to look to buy.
When delivered with this break in structure I will be looking at the impulsive wave that has broken structure for areas to enter in long on this market. I will be looking for key areas of Demand that have been left as a footprint.
Once we see price trade down and into the area of Demand after breaking the structure this is when I will be looking to get involved in this market with those buys, simply waiting for a penetration and rejection before entering.
Higher levels for EUR/USD?There is no denying that Europe’s shared currency (EUR) is having a strong year against the US dollar (USD) so far, with the EUR/USD pair rising by almost 10%.
Monthly support in play
In one fell swoop, April’s price action made short work of the 50-month simple moving average (SMA) at US$1.0904 and the monthly resistance at US$1.1134. This prompted the unit to challenge monthly resistance at US$1.1457 and subsequently retest US$1.1134 as support.
Arguably, if bulls maintain their position north of the mentioned support and eventually absorb the offers at the current resistance, this could reveal a strong bullish scenario for the pair, targeting resistance between US$1.2028 and US$1.1930.
Daily AB=CD resistance unlikely to draw much selling
Meanwhile, on the daily timeframe, buyers and sellers are squaring off around an ‘alternate’ AB=CD resistance level from US$1.1386 (a 1.272% Fibonacci projection ratio) – a level complemented by a 61.8% Fibonacci retracement ratio from US$1.1383.
Based on monthly flow rebounding from support at US$1.1134, I do not expect the EUR/USD to venture much beyond US$1.1283 on the daily chart: the 38.2% Fibonacci retracement ratio derived from legs A-D (US$1.1065-US$1.1419).
Short-term dip below US$1.13?
Short-term price action on the H1 chart shows the pair rebounded from the US$1.13 handle in recent trading, though overhead resistance between US$1.1358 and US$1.1340 is calling for attention. Additional support to be aware of below US$1.13 resides in the form of a trendline support, extended from the low of US$1.1091, together with support from US$1.1266.
Ultimately, I expect H1 price to respect current resistance and drive through US$1.13 bids towards H1 trendline support mentioned above. Knowing said H1 support aligns with the daily timeframe’s 38.2% Fibonacci retracement ratio, tapping into liquidity south of US$1.13 will likely help drive bigger players to buy.
USDCAD Bullish Setup – Watching Key Breakout LevelUSDCAD has tested the lower trend line and is showing signs of a potential reversal. The overall trend remains bullish, but additional confirmation is needed before entering. I’ll be looking to go long above 1.39734, which would signal a strong breakout continuation.
🔹 Trend: Bullish
🔹 Entry Idea: Long above 1.39734
🔹 Confirmation Needed: Break and retest or strong bullish momentum
🔹 Support Zone: Around the trend line
🔹 Resistance: Monitor previous highs once breakout occurs
Let me know your thoughts or drop your chart in the comments below!
The Day Ahead Key Economic Data
United States
Richmond Fed Manufacturing Index (May)
Insight into regional manufacturing. Weak data may increase rate cut expectations.
Dallas Fed Services Activity
Measures service sector strength; can affect Fed rate outlook.
Germany
Unemployment Claims Rate (May)
Higher unemployment could support a more dovish ECB.
Import Price Index (April)
Key for inflation outlook; may influence euro and bund yields.
France
PPI, Consumer Spending, Q1 Payrolls
Indicators of inflation and consumer strength. Can affect Eurozone equities and ECB expectations.
Australia
CPI (April)
Major driver for AUD and rate expectations. A high print could push AUD higher.
Central Bank Events
FOMC Minutes
Traders will watch for signals on inflation concerns and future rate path.
Fed Speakers: Williams, Kashkari
Comments may influence expectations for Fed policy shifts.
ECB Consumer Expectations Survey
Insight into Eurozone inflation expectations. Affects EUR.
RBNZ Decision
Direct impact on NZD. A hawkish stance could lift NZD.
Earnings (Market Movers)
NVIDIA
High-impact for NASDAQ and AI stocks. Watch for volatility and options activity.
Salesforce
Key for tech sector sentiment, especially SaaS names.
Synopsys, Agilent, Abercrombie & Fitch
Sector-specific insights: semis, health, consumer.
Bond Auctions
US 2-Year FRN
US 5-Year Notes
Auctions may impact Treasury yields and USD. Weak demand could push yields higher.
Trading Focus
Watch USD, AUD, EUR, NZD around data and central bank events.
NVIDIA earnings could shift tech and AI market sentiment.
Treasury yield curve may move on Fed minutes and auctions.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NZDCAD BULLISH OR BEARISH DETAILED ANALYSIS ??NZDCAD is currently coiling within a textbook bullish flag formation after an aggressive impulsive leg to the upside. Price action remains tight inside this consolidation structure, respecting both trendline resistance and support. As we approach the apex of this flag, I’m closely watching for a breakout confirmation to trigger the next bullish continuation leg toward the 0.8600 target.
From a macro perspective, the New Zealand dollar is gaining strength following the RBNZ’s firm stance on keeping rates elevated due to persistent inflation risks, particularly in housing and services. On the flip side, the Canadian dollar is showing relative weakness as oil prices stall and the Bank of Canada shifts toward a more dovish tone amid weaker economic data and slowing consumer spending. This divergence in central bank policy and economic outlook is building a strong fundamental case for NZDCAD upside.
Technically, the structure remains clean. The market formed a strong bullish engulfing rally earlier in April, and since then has entered a symmetrical correction with higher lows forming under compression. This is a classic continuation setup with strong momentum buildup underneath. A breakout above the 0.8280–0.8300 zone with volume would likely trigger institutional interest and drive price rapidly toward the 0.8600 level, which aligns with the measured move of the flag.
This is a high-probability trade idea supported by both technical and fundamental convergence. With risk well-defined below 0.8135 and momentum favoring the bulls, NZDCAD is one of my top setups going into June. Breakout traders and swing traders alike should keep this pair on the radar as the next bullish expansion looks imminent.
USDCHF H1 I Bullish Rise Based on the H4 chart analysis, the price is falling toward our buy entry level at 0.8232, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 0.8307, an overlap resistance.
The stop loss is placed at 0.8188, a swing low support level
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GBPUSD H4 I Bearish Reversal Based on the H4 chart, the price is rising toward our sell entry level at 1.3547, a pullback resistance that aligns with the 61.8% Fibo retracement.
Our take profit is set at 1.3447, a pullback support.
The stop loss is set at 1.3611, above a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Cautious Bulls Meet Trendline Test: USD/CAD Eyes FOMC CatalystCMCMARKETS:USDCAD OANDA:USDCAD USD/CAD extended its recovery for the third day, trading near 1.3833 on modest USD strength following upbeat U.S. data. However, fiscal worries and expectations of Fed rate cuts in 2025 may limit upside momentum. Traders are cautious ahead of the FOMC Minutes and U.S. PCE/GDP data, while firmer Canadian inflation and oil prices could support the CAD.
Technically, the pair remains within a broad downward channel and is now approaching key resistance at 1.3856, aligned with the descending trendline. A clear rejection here could spark a bearish continuation toward 1.3711 support. A breakout above 1.3937 would invalidate the bearish channel and suggest trend reversal.
Resistance : 1.3856 , 1.3937
Support : 1.3711 , 1.3809
DAY TRADE📌 GBP/USD Long Setup – Wait for Price to Return
💥 Plan the trade. Let it come to you. Don’t chase.
📍 Entry: 1.34701 (wait for price to return here)
🛑 Stop Loss (SL): 1.34494 (20.7 pips)
🎯 Take Profit (TP): 1.35204 (50.3 pips)
📊 Risk-to-Reward (RR): 1:2.43 ✅
🧠 Reasoning:
Price tapped the demand zone and wicked back up
We wait for price to retrace back to 1.34701
Clean rejection zone visible on M15 for confirmation
Could the Swissie reverse from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8334
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.8420
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 0.8202
Why we like it:
There is a pullback support level.
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