Daily Technical Analysis and Forecast – 21 July 2025
EURUSD Forecast – 21 July 2025
On the H4 chart, EURUSD completed a corrective move up to 1.1670. Today, the pair is forming a downward wave toward 1.1593. A breakout below this level could pave the way for a deeper decline to 1.1520, which serves as the first target.
From a technical standpoint, the Elliott Wave pattern and bearish wave matrix (pivot at 1.1675) support this scenario. The price is heading toward the lower boundary of the price Envelope at 1.1520, followed by a potential rebound toward the midline at 1.1675.
Indicators suggest a continued move downward to 1.1520.
USDJPY Forecast – 21 July 2025
On the H4 timeframe, USDJPY recently corrected to 147.94. Today, a rise is expected toward 149.15. A breakout above this level may extend gains toward 150.05, followed by a possible correction back to 147.10.
This outlook is supported by the Elliott Wave structure and a bullish wave matrix with a pivot at 147.10. The price is approaching the upper boundary of the price Envelope at 150.05, with a possible retracement to the midline at 147.12.
Technical indicators suggest continued upward momentum toward 150.05.
GBPUSD Forecast – 21 July 2025
On the H4 chart, GBPUSD completed a correction to 1.3473. Today, the pair is expected to decline toward 1.3390. A break below this level could send the pair further down to 1.3300, followed by a pullback to 1.3390 and then another drop toward 1.3295.
This bearish scenario is reinforced by the Elliott Wave structure and the wave matrix, with a pivot at 1.3455. The price is trending toward the lower boundary of the Envelope at 1.3300, with potential to extend to 1.3295.
Indicators point to a bearish move toward 1.3300.
AUDUSD Forecast – 21 July 2025
On the H4 chart, AUDUSD completed a correction up to 0.6539. The downward movement is likely to continue today toward 0.6484, with a possible extension to 0.6433 upon a breakout.
Technically, this move is consistent with the Elliott Wave structure and wave matrix, with the pivot at 0.6500. The price had touched the lower boundary of the Envelope at 0.6454, retraced to the center, and may now resume its fall toward 0.6433.
Indicators suggest a continued decline toward 0.6433.
USDCAD Forecast – 21 July 2025
USDCAD is extending an upward wave toward 1.3800 on the H4 chart. This target is expected to be reached today, followed by a potential correction to 1.3685.
This outlook aligns with the Elliott Wave structure and the bullish wave matrix (pivot at 1.3685). The pair is trading around the Envelope’s center at 1.3685, with a projected move to the upper boundary at 1.3800.
Technical indicators support further upside toward 1.3800.
XAUUSD (Gold) Forecast – 21 July 2025
On the H4 timeframe, XAUUSD broke above 3,348 and continues to move toward 3,384. Once this level is reached, a correction toward 3,333 is possible.
This scenario is confirmed by the Elliott Wave structure and growth wave matrix with a pivot at 3,344. Gold is consolidating near the Envelope’s center at 3,344. A breakout higher may extend the wave to 3,384, while a downside break could target 3,235.
Indicators show continued upward movement toward 3,384.
Brent Crude Forecast – 21 July 2025
Brent corrected to 68.60 on the H4 chart. A growth wave is forming with a likely target at 70.20, and a breakout above this could push prices to 71.40. A downside break, however, may lead to 66.90.
Technically, this movement is backed by the Elliott Wave pattern and the bullish matrix (pivot at 68.60). Brent is consolidating near the center of the Envelope. The main scenario sees growth toward the upper boundary at 71.40, with potential later consolidation back to the midline.
Technical indicators favor continued growth toward 71.40.
Risk Warning: Past trading performance does not guarantee future results. Please consider your risk tolerance and consult financial professionals before making trading decisions.
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