Daily Technical Analysis and Forecast — 26 November 2025
EURUSD Forecast
On the H4 timeframe, EURUSD recently found support at 1.1515 and developed an upward wave toward 1.1553, where a narrow consolidation zone formed. After an upward breakout, the pair continued building the third corrective wave, targeting 1.1593.
On 26 November 2025, after reaching this level, EURUSD may pull back to 1.1553 for a retest from above. From there, the next corrective leg towards 1.1616 is likely, marking the final stage of the correction.
Once the correction completes, the broader downtrend is expected to resume, aiming first at 1.1430.
The Elliott Wave structure and the downward wave matrix, with a pivot at 1.1660, support this scenario. Currently, the market is forming an upward move toward the upper band of the Price Envelope at 1.1616. The relevant outlook for today includes an end to this corrective advance and a decline toward the central envelope line at 1.1553. A further move toward the lower band at 1.1430 remains possible.
Technical indicators suggest the correction may complete at 1.1616.
USDJPY Forecast
On the H4 chart, USDJPY broke below 156.36 and continues to extend its correction toward 155.55.
On 26 November 2025, once this target is reached, a rebound toward 156.36 (a retest from below) is expected, followed by another decline toward 154.82, which should complete the entire correction.
Afterward, a fresh upward wave targeting 158.47 or higher may begin.
The Elliott Wave structure and the upward wave matrix with a pivot at 153.90 confirm this outlook. The pair is currently moving toward the lower band of the Price Envelope at 154.82, before an expected rise to the central band at 156.36.
Technical indicators point to a corrective move toward 154.82.
GBPUSD Forecast
On the H4 timeframe, GBPUSD formed a consolidation around 1.3116 and broke upward, reaching the corrective target at 1.3213.
On 26 November 2025, a decline to 1.3116 is anticipated, followed by a rise toward 1.3215, completing the correction. After that, the dominant downtrend is expected to continue with a target at 1.3030, possibly extending toward 1.2911.
The Elliott Wave structure and downward wave matrix with a pivot at 1.3188 support this view. The corrective phase may continue toward the upper Price Envelope boundary at 1.3215, after which a decline toward 1.3030 is likely.
Technical indicators suggest a continuation toward 1.3215, followed by a bearish reversal toward 1.3030.
AUDUSD Forecast
On the H4 chart, AUDUSD developed an upward wave to 0.6500.
On 26 November 2025, the pair is expected to decline toward 0.6464 for a retest from above. Then, a continuation of the correction toward 0.6515 may occur. After this correction concludes, a new downward wave toward 0.6420 may form, potentially extending the downtrend toward 0.6343.
The Elliott Wave structure and the downward wave matrix with a pivot at 0.6505 confirm this scenario. The pair is currently moving toward the upper envelope boundary at 0.6515, after which a decline toward the lower boundary at 0.6420 is expected.
Technical indicators signal a move toward 0.6515, followed by a decline toward 0.6420.
USDCAD Forecast
On the H4 timeframe, USDCAD is still correcting toward 1.4066.
On 26 November 2025, once the correction ends, the pair may begin a new upward wave toward 1.4160, the next local target.
The Elliott Wave structure and upward wave matrix with a pivot at 1.3939 support this view. The pair is now correcting toward the central band of the Price Envelope at 1.4066. Afterward, a move toward the upper boundary at 1.4160 becomes likely.
Technical indicators suggest a correction to 1.4066 followed by bullish continuation toward 1.4160.
XAUUSD (Gold) Forecast
On the H4 chart, XAUUSD is consolidating around 4,141.
On 26 November 2025, a bullish breakout is possible, with the next target at 4,260. A correction toward 4,141 may follow (retest from above), after which the market could rise again toward 4,285.
The Elliott Wave structure and the upward wave matrix with a pivot at 4,088 support this outlook. Gold continues forming the fifth upward wave toward the upper Price Envelope boundary at 4,260. Once this level is reached, a corrective decline toward the central band at 4,141 may begin.
Technical indicators anticipate a rise toward 4,260.
Brent Crude Forecast
On the H4 chart, Brent is forming a consolidation around 61.86.
On 26 November 2025, an upward breakout could lead to an advance toward 66.00, with potential to extend to 71.71.
A downward breakout, however, would open the path to a corrective decline toward 60.90, after which a rise toward 65.00 may follow.
The Elliott Wave structure and upward wave matrix with a pivot at 64.00 support this scenario. The market is consolidating above the lower Price Envelope boundary at 61.86. A downward break may push the price toward 60.90, while an upward break could target the upper boundary at 65.00.
Technical indicators point toward a rise toward 63.00 and 65.00.
Risk Warning: Past trading results do not guarantee future performance.
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