Daily Technical Analysis and Forecast – 22 July 2025
EURUSD Forecast – 22 July 2025
On the H4 chart, EURUSD is consolidating around 1.1690 after completing a corrective move to 1.1716. A downside breakout could lead to a pullback towards 1.1640 (retesting from above), with potential for a subsequent rise to 1.1726. If the market breaks upward instead, it may head directly to 1.1726. Longer term, a new decline toward 1.1560, possibly extending to 1.1488, may follow.
Technically, this outlook aligns with the current Elliott wave structure and growth wave matrix, with 1.1640 serving as a key pivot. The pair remains in an upward wave targeting the upper edge of the Envelope at 1.1726 before potentially reversing to test the central line at 1.1640.
Outlook: Short-term bullish toward 1.1726.
Key level: 1.1640.
USDJPY Forecast – 22 July 2025
USDJPY has completed a correction to 147.10 and is expected to climb towards 148.50. A breakout above that could push the pair further to 150.05. Once this target is reached, a pullback to 147.10 is likely.
This forecast is supported by the Elliott wave structure and growth wave matrix. The pivot at 147.10 remains critical, with price aiming for the upper Envelope boundary at 150.05 before a potential return to the median at 147.10.
Outlook: Bullish toward 150.05.
Key level: 147.10.
GBPUSD Forecast – 22 July 2025
GBPUSD recently corrected to 1.3510. The market is now expected to fall towards 1.3424. A breakout below that level may lead to further decline toward 1.3300, followed by a possible short-term correction to 1.3430 and continued drop to 1.3295.
This scenario fits the current Elliott wave count and downward wave matrix, with 1.3455 as the pivot. The pair is consolidating around the midline of the Envelope at 1.3430, with potential downside toward the lower boundary at 1.3340 and beyond.
Outlook: Bearish toward 1.3340 and 1.3295.
Key level: 1.3455.
AUDUSD Forecast – 22 July 2025
AUDUSD is consolidating near 0.6525 and may continue declining toward 0.6484. A sustained move below that could extend the downtrend to 0.6433.
Technically, this fits the Elliott wave count and current matrix, with 0.6525 as the pivotal level. The pair is moving toward the Envelope’s lower boundary at 0.6454, followed by a possible bounce to 0.6500 and another decline to 0.6433.
Outlook: Bearish toward 0.6433.
Key level: 0.6525.
USDCAD Forecast – 22 July 2025
After completing a downward leg to 1.3684, USDCAD is expected to rise toward 1.3745, with further potential to reach 1.3815.
This view is in line with the Elliott wave and growth matrix analysis. The pivot level at 1.3685 remains crucial. The pair is forming a consolidation near the Envelope’s central line, with upward potential to the upper boundary at 1.3815.
Outlook: Bullish toward 1.3815.
Key level: 1.3685.
XAUUSD (Gold) Forecast – 22 July 2025
Gold (XAUUSD) has reached the 3,400 mark and is now consolidating. A downside breakout could initiate a decline toward 3,333, with possible extension to 3,235.
Technically, the structure aligns with the Elliott wave count and growth wave matrix, with 3,333 as the key pivot. Price currently sits at the Envelope’s upper boundary, with potential retracement to the central line at 3,333.
Outlook: Bearish toward 3,333 and 3,235.
Key level: 3,333.
Brent Crude Forecast – 22 July 2025
Brent crude continues consolidating around 68.60. The range may briefly expand down to 67.50 before an upward move toward 69.50. A breakout to the upside may drive prices to 71.40, while a downside breakout could extend losses to 66.90.
This scenario aligns with the Elliott wave count and wave matrix, with 68.60 as the pivot. The market is moving within the Envelope range, aiming for the upper boundary at 71.40, followed by a possible return to 68.60.
Outlook: Short-term bullish toward 71.40.
Key level: 68.60.
Risk Warning: Past performance is not indicative of future results. Trading involves risks and may not be suitable for all investors.
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