Daily Technical Analysis & Forecast — 28 November 2025
EURUSD Forecast – 28 November 2025
On the H4 timeframe, EURUSD is still consolidating around 1.1582. A downward breakout remains the primary scenario, targeting 1.1555 for a retest from above. After this decline, the pair may attempt a new rise toward 1.1616–1.1623, completing the current corrective structure. Once this correction finishes, the larger downtrend is expected to resume with a target near 1.1430.
The Elliott wave pattern and downward wave matrix (pivot at 1.1660) support this view. Currently, the pair is advancing toward the upper boundary of the Price Envelope at 1.1623, where the correction is likely to end. From there, a decline toward the central line near 1.1555, and potentially the lower band at 1.1430, may follow.
Technical outlook: Correction expected to end at 1.1623.
USDJPY Forecast – 28 November 2025
USDJPY continues to trade within a consolidation zone around 156.40 on the H4 chart. A downward swing toward 154.90 remains likely and should complete the current correction. Afterward, the market may begin forming a new upward wave targeting 158.47 or higher.
The Elliott wave structure and upward wave matrix (pivot at 153.90) confirm this bias. At present, the pair is trending lower toward the lower boundary of the Price Envelope at 154.90. A subsequent bounce toward 156.40 is possible.
Technical outlook: Expectation of a correction toward 154.90.
GBPUSD Forecast – 28 November 2025
On the H4 chart, GBPUSD has finished its upward wave at 1.3265. A decline toward 1.3155 (retest from above) is anticipated. Then, the pair may attempt another rise toward 1.3295 to complete the corrective formation. After the correction ends, the broader downtrend should resume toward 1.3030 and possibly 1.2911.
Both the Elliott wave picture and downward wave matrix (pivot at 1.3188) support continued corrective growth toward 1.3295, followed by a decline toward the lower Price Envelope boundary at 1.3030.
Technical outlook: Expected rise toward 1.3295, then a drop toward 1.3155.
AUDUSD Forecast – 28 November 2025
AUDUSD completed an upswing toward 0.6539 on the H4 timeframe. A decline toward 0.6490 is anticipated, followed by an extension of the correction toward 0.6555. Once this corrective phase ends, a new downward wave targeting 0.6490, and eventually 0.6343, may begin.
The Elliott wave structure and downward matrix (pivot at 0.6505) support further corrective movement toward 0.6555 before a decline resumes. The Price Envelope also highlights 0.6490 as the nearest lower target.
Technical outlook: Correction toward 0.6555, then decline toward 0.6490.
USDCAD Forecast – 28 November 2025
USDCAD has completed a correction at 1.4024 and is now forming a compact consolidation above this level. An upward breakout toward 1.4075 is possible. Thereafter, the market may extend the correction toward 1.4012 before starting a new upward wave aiming at 1.4160.
The Elliott wave structure and upward wave matrix (pivot at 1.3939) validate this scenario. Currently, the pair is moving toward the lower Price Envelope band at 1.4012, where a new upward phase toward 1.4160 may begin.
Technical outlook: Correction toward 1.4012, followed by rise toward 1.4160.
XAUUSD (Gold) Forecast – 28 November 2025
Gold broke out upward from its consolidation range on the H4 chart, unlocking potential for a continued rise toward 4,260. This target remains likely for today. After reaching it, the market may pull back toward 4,141 and then attempt a new rise toward 4,285.
The Elliott wave structure and upward wave matrix (pivot at 4,141) remain aligned with this scenario. The market is currently developing the fifth upward wave toward the Price Envelope upper boundary at 4,260.
Technical outlook: Potential continuation toward 4,260.
Brent Crude Oil Forecast – 28 November 2025
Brent crude is consolidating near 62.03 on the H4 timeframe. The market may continue upward toward 63.11, followed by a downward movement back to 62.03 for a retest from above. This will help form a new consolidation zone. An upward breakout may open the way toward 63.63, and a further breakout above 63.63 could extend the trend toward 65.33.
The Elliott wave structure and upward matrix (pivot at 64.00) support this scenario. A downward breakout may push the price toward 60.90, while an upward breakout could activate the 63.63 target.
Technical outlook: Rise toward 63.11 and 63.63 likely.
Risk Warning:
Past performance does not guarantee future results. Trading financial markets involves risk, including the possible loss of capital.
Leave a Reply