Daily Technical Analysis and Forecast – 24 September 2025
EURUSD Forecast
On the H4 chart, EURUSD completed a decline to 1.1778. For today, 24 September 2025, a corrective rise towards 1.1820 is expected, forming a retracement to the previous downward wave from 1.1726. After this correction, the pair may resume its decline, targeting 1.1717 as the first support level. A short-term rebound to 1.1800 (retesting from below) is possible, followed by a potential third downward wave aiming at 1.1540 as a local trend objective.
This outlook is supported by the Elliott Wave structure and a downward wave matrix with a key pivot at 1.1800. Currently, the price is projected to rise to the midline of the Price Envelope at 1.1820 before moving towards the lower boundary at 1.1717.
Technical bias for today: Bearish towards 1.1717
USDJPY Forecast
USDJPY is currently consolidating near 147.77, with a defined range between 147.46 and 147.97 on the H4 timeframe. Today may see a dip to 147.17, followed by a rally towards the 148.88 resistance area.
This scenario is supported by the Elliott Wave count and an upward wave matrix, with a pivotal level at 147.27. The price is expected to target the upper boundary of the Price Envelope at 148.88, with a possible pullback to the central line at 147.20 afterwards.
Technical bias for today: Bullish towards 148.88
GBPUSD Forecast
GBPUSD continues to consolidate around the 1.3514 level on the H4 chart. A minor upward move to 1.3540 could occur, followed by a deeper decline towards 1.3385 as the next downside target. Upon reaching this support, a short-term correction towards 1.3550 may happen, but the broader trend suggests another wave lower towards 1.3172.
The Elliott Wave setup and the downward wave matrix highlight 1.3545 as a key pivot. Current price action is geared towards testing the lower boundary of the Price Envelope at 1.3385.
Technical bias for today: Bearish towards 1.3385
AUDUSD Forecast
AUDUSD has recently risen to 0.6614 and retraced to 0.6588, followed by another climb to 0.6622. Today, a dip to 0.6600 is likely (retesting from above), with potential for another upward push towards 0.6635. However, once this correction completes, the pair may resume its downtrend targeting 0.6567 initially, and possibly extend to 0.6550. A break below this could lead to a deeper move toward 0.6456.
The Elliott Wave structure and the bearish wave matrix point to 0.6635 as a key resistance level. The price is currently approaching the lower boundary of the Price Envelope at 0.6567.
Technical bias for today: Range-bound with possible rise to 0.6635 followed by a drop to 0.6568
USDCAD Forecast
USDCAD is consolidating near 1.3834 on the H4 chart. A move up to 1.3857 is possible today, followed by a short-term pullback to 1.3834 (retesting from above), and then a continued advance toward 1.3900 as a near-term upside target.
This forecast is supported by the Elliott Wave structure and upward wave matrix with a key pivot at 1.3834. Price action indicates a move towards the upper boundary of the Price Envelope at 1.3900, with interim correction to the central line likely.
Technical bias for today: Bullish towards 1.3900
XAUUSD (Gold) Forecast
Gold (XAUUSD) rose to 3,790 before correcting to 3,751 (retesting from above). A new upward wave is now forming. A breakout above 3,790 is expected, potentially extending to 3,840, with a further target at 3,878 as part of the local uptrend.
This scenario aligns with the Elliott Wave pattern and an upward wave matrix, with 3,595 serving as the key pivot level. The price is targeting the upper boundary of the Price Envelope at 3,878, though a pullback to the lower boundary at 3,737 may follow.
Technical bias for today: Bullish towards 3,840
Brent Forecast
Brent crude rose to 66.50 and extended gains to 67.44. Today, a pullback to 66.55 (retesting from above) is possible, followed by a push toward 67.67. The market remains in a broad consolidation phase around the 66.55 level.
This view is confirmed by the Elliott Wave structure and a wave matrix pointing to 66.55 as the critical pivot. The price recently touched the lower boundary of the Price Envelope at 65.41, suggesting a potential move to the upper boundary at 67.67, followed by a drop towards 64.66.
Technical bias for today: Potential rise to 67.67, then possible decline to 64.66
Disclaimer:
The results of previous trading operations do not guarantee similar outcomes in the future. All forecasts are based on technical analysis and are subject to market conditions. Please manage your risk accordingly.
Leave a Reply