Daily Technical Analysis & Forecast – 20 October 2025
EURUSD Forecast – 20 October 2025
On the H4 timeframe, EURUSD has completed a corrective wave towards the 1.1691 mark, hitting a local target. Currently, the pair is forming a downward leg expected to reach 1.1628 for a retest from above. Once this move is complete, a possible rebound towards 1.1733 may occur, finalizing the correction phase. Following that, a continuation of the broader downtrend towards 1.1488 is anticipated.
This outlook aligns with the Elliott Wave pattern and a bearish wave matrix, where 1.1733 serves as the key pivot. A short-term rise to the upper boundary of the Price Envelope (1.1733) is possible before a decline towards the central line (1.1628) and eventually the lower boundary near 1.1488.
Technical outlook: Expect a minimum drop to 1.1628, with potential to rise towards 1.1733 before the downtrend resumes.
USDJPY Forecast – 20 October 2025
USDJPY has recently broken out of a consolidation near 150.28 and completed an upward move to 151.10. A pullback towards 149.00 is anticipated next, signaling the end of a correction. After this, a new upward wave could aim for 154.10.
The structure is supported by Elliott Wave theory and a bullish wave matrix, with the pivot level set at 149.75. A move down to the lower Price Envelope boundary (149.00) is expected, followed by potential upward progression towards 151.10 and the upper boundary at 154.10.
Technical outlook: Anticipate a dip towards 149.00 before a rise towards 151.85 and higher levels.
GBPUSD Forecast – 20 October 2025
GBPUSD is consolidating near 1.3418 on the H4 chart. A breakout to the upside could lead to a test of 1.3490, while a downward breakout may trigger a decline towards 1.3218 or lower.
According to the Elliott Wave analysis and the bearish wave matrix, 1.3490 is a critical pivot point. A correction appears to be nearing completion at the upper Price Envelope boundary (1.3490). A downward wave is expected next, aiming for the central line (1.3370) and potentially reaching the lower boundary at 1.3218.
Technical outlook: Correction may complete at 1.3490, followed by a decline towards 1.3218 and 1.3125.
AUDUSD Forecast – 20 October 2025
AUDUSD continues forming a broad consolidation zone around 0.6485. A downside breakout could push the pair towards 0.6340. Alternatively, an upside breakout might initiate a correction towards 0.6623 before the downtrend resumes.
This scenario is supported by a bearish wave matrix and Elliott Wave analysis, with a pivot at 0.6620. After declining to the lower Price Envelope boundary (0.6440), the market is stabilizing. A break higher could lead to a move towards 0.6623, while a drop below the range may open the path to 0.6340.
Technical outlook: Potential for a corrective rise to 0.6623, followed by a decline to 0.6340.
USDCAD Forecast – 20 October 2025
USDCAD remains in a consolidation phase near 1.4030. A move down to 1.3995 may precede a new upward leg towards 1.4070. A breakout above this level could set the stage for a further rally to 1.4160.
The current structure is in line with Elliott Wave expectations and a bullish wave matrix. The pivot is placed at 1.3940. The pair is targeting the upper Price Envelope boundary at 1.4160, with a potential correction from that level back to the central line at 1.3940.
Technical outlook: A dip to 1.3995 may complete the correction, with upside potential towards 1.4070 and 1.4160.
XAUUSD (Gold) Forecast – 20 October 2025
Gold (XAUUSD) reached 4,375 and is currently consolidating just below that level. An upward breakout could extend gains towards 4,475, while a downward breakout may trigger a correction to 4,170.
This forecast is supported by a bullish wave matrix and Elliott Wave analysis, using 3,660 as the main pivot level. The ongoing bullish structure targets the upper Price Envelope boundary at 4,475, with a possible corrective pullback towards 4,170.
Technical outlook: Expect a short-term correction to 4,170, followed by renewed upward momentum towards 4,475.
Brent Crude Oil Forecast – 20 October 2025
Brent has completed a rise to 61.28 and is expected to decline towards 60.65, forming a consolidation zone around that level. A downward breakout could lead to 59.80 or even 58.80, while an eventual rebound may push prices up to 63.00 and possibly to 67.00.
Elliott Wave and bearish wave matrix analysis (pivot at 63.63) support this scenario. Price recently tested the lower boundary of the Price Envelope near 60.00. A corrective rally towards 63.00 is likely once consolidation completes.
Technical outlook: Anticipate a near-term decline to 60.65, with a potential recovery towards 63.00 and beyond.
Risk Disclaimer: Past performance is not indicative of future results. Trading involves risk, and you should conduct your own analysis before making any trading decisions.
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