Daily Technical Analysis and Forecast – 23 September 2025
EURUSD Forecast – 23 September 2025
On the H4 chart, EURUSD completed a downward move to 1.1725, followed by a corrective pullback to 1.1818. Today, the pair is expected to resume its decline towards 1.1704 as the initial target. A short-term correction to 1.1800 (testing from below) may follow. Afterward, a continuation of the downward wave could lead the price towards 1.1550 as a key trend objective.
- Technical confirmation: The Elliott Wave structure and wave matrix (pivot at 1.1680) support this bearish outlook.
- Current technical bias: Bearish, with a focus on a move towards 1.1704.
USDJPY Forecast – 23 September 2025
USDJPY is consolidating around the 148.00 level on the H4 timeframe, with the price range spanning from 147.58 to 148.35. Today, the pair is expected to push higher towards 148.88.
- Technical confirmation: The upward wave matrix and Elliott structure (pivot at 147.00) support continued bullish movement.
- Current technical bias: Bullish, targeting 148.88, with potential for a corrective move back to 147.00 afterward.
GBPUSD Forecast – 23 September 2025
GBPUSD completed a drop to 1.3454, followed by a corrective move to 1.3565. Today, the pair is likely to continue its downward trajectory towards 1.3385. A temporary correction to 1.3550 may follow, before another leg down toward 1.3172, aligning with the prevailing trend.
- Technical confirmation: Elliott Wave analysis and downward wave matrix (pivot at 1.3365) support this scenario.
- Current technical bias: Bearish, aiming for 1.3385 in the near term.
AUDUSD Forecast – 23 September 2025
AUDUSD is forming a consolidation around 0.6688 on the H4 chart. If the price breaks downward, a drop to 0.6568 is likely. A short-term correction to 0.6635 may follow, then another decline toward 0.6550. Breaking this level could extend the downtrend towards 0.6456.
- Technical confirmation: The Elliott wave structure and wave matrix (pivot at 0.6550) suggest continued bearish pressure.
- Current technical bias: Bearish, with a near-term target of 0.6568.
USDCAD Forecast – 23 September 2025
USDCAD is consolidating around 1.3822. A break to the upside may lead to growth towards 1.3840, with further potential to extend towards 1.3912. Alternatively, a pullback to 1.3800 (testing support) is also possible before resuming the uptrend.
- Technical confirmation: Elliott Wave structure and wave matrix (pivot at 1.3840) support bullish development.
- Current technical bias: Bullish, with a target of 1.3840 and potential extension to 1.3912.
XAUUSD (Gold) Forecast – 23 September 2025
Gold broke above 3,702, confirming the continuation of its upward trend. A short-term pullback to 3,702 (testing support) is possible before the next rally towards 3,777. A deeper correction towards 3,640 may occur after reaching this upper level.
- Technical confirmation: Elliott Wave structure and wave matrix (pivot at 3,522) support the ongoing bullish trend.
- Current technical bias: Bullish, with the next key resistance at 3,777.
Brent Crude Forecast – 23 September 2025
Brent crude reached a local low at 65.41 and is expected to correct upward towards 66.80 (testing from below). If the price fails to break above this level and turns down, a decline towards 64.64 could follow. A break below this support might open the path to 60.00.
- Technical confirmation: The downward Elliott wave structure and wave matrix (pivot at 66.80) support this outlook.
- Current technical bias: Neutral-to-bearish, with a correction to 66.80, followed by potential downside towards 64.64 and lower.
Disclaimer: The results of past trading performance do not guarantee similar outcomes in the future. All trading involves risk. Please ensure proper risk management and consult with a financial advisor before making any trading decisions.
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