Daily Technical Analysis and Market Forecast – 7 October 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a downward move to 1.1652. Today, a corrective rise toward 1.1722 is expected before a renewed decline towards 1.1650, possibly breaking lower to target 1.1522.
This movement aligns with the current Elliott Wave structure and a downward wave matrix, with 1.1786 acting as the key pivot. The correction may reach the central line of the Price Envelope before price resumes the downtrend towards its lower boundary.
Outlook: Bearish
Key Levels: 1.1722 (resistance), 1.1650 & 1.1522 (support)
USDJPY Forecast
On the H4 timeframe, USDJPY has broken above 149.00 and continues higher toward 151.63. Price may consolidate near this level, and a breakout could open the path to 153.33.
This bullish scenario is supported by the Elliott Wave pattern and the growth wave matrix, with 147.75 acting as the pivot. Price is currently targeting the upper boundary of the Price Envelope.
Outlook: Bullish
Key Targets: 151.63, then 153.33
GBPUSD Forecast
The GBPUSD pair is consolidating around 1.3478. A break to the upside could see a move to 1.3555, while a downside break may lead to a drop toward 1.3322, and possibly as far as 1.3100.
This view aligns with the Elliott Wave structure and a downward wave matrix, with 1.3550 as the pivot. The pair is hovering near the central line of the Price Envelope, and directional confirmation depends on the breakout.
Outlook: Bearish bias
Key Levels: 1.3478 (pivot), 1.3555 (resistance), 1.3322 & 1.3100 (support)
AUDUSD Forecast
AUDUSD remains in a consolidation phase near 0.6600. The market may test 0.6633 before resuming the downward move towards 0.6500 and potentially 0.6380.
This movement is supported by the Elliott Wave setup and a downward wave matrix, with 0.6633 as the pivot. A corrective bounce to 0.6633 may precede further downside pressure.
Outlook: Bearish
Key Levels: 0.6633 (resistance), 0.6500 & 0.6380 (support)
USDCAD Forecast
USDCAD continues to consolidate around 1.3930. A retest of this level could be followed by upward momentum towards 1.4030, with a potential extension to 1.4130. A short-term pullback to 1.3980 could occur after reaching those targets.
This structure follows the Elliott Wave count and an upward wave matrix, with 1.3930 as the key pivot.
Outlook: Bullish
Key Levels: 1.3930 (pivot/support), 1.4030 & 1.4130 (resistance)
XAUUSD (Gold) Forecast
Gold (XAUUSD) has reached $3,975. A correction towards $3,920 is expected, followed by a new upward wave aiming for the $4,000 mark.
This aligns with the Elliott Wave formation and an upward wave matrix, with $3,660 as the pivot. The next potential correction could take price toward the central line of the Price Envelope at $3,850.
Outlook: Bullish
Key Levels: $3,920 (support), $4,000 (target), $3,850 (medium-term correction)
Brent Crude Oil Forecast
Brent is likely completing a corrective move towards $65.75. Once complete, a new downward leg could begin targeting $61.64, and potentially extend to $60.00.
This forecast is supported by the Elliott Wave structure and a downward wave matrix, with $66.73 as the pivot. Brent is forming a consolidation near $65.00, with direction depending on breakout behavior.
Outlook: Bearish
Key Levels: $65.75 (resistance), $61.64 & $60.00 (support)
Risk Disclaimer
The results of past trading operations do not guarantee similar outcomes in the future. Market forecasts are based on technical analysis and are subject to change based on market conditions.
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