Daily Technical Analysis & Forecast – 3 April 2026

EUR/USD Forecast

On the H4 chart, EUR/USD completed a decline to 1.1506 followed by a rebound to 1.1564. Today, price action is expected to consolidate around this zone.

• Bullish scenario: A breakout above the range could extend the correction towards 1.1664
• Bearish scenario: A break lower may resume the decline towards 1.1463

Technical signals (Elliott Wave structure and Price Envelope) highlight 1.1666 as a key pivot. Current positioning near 1.1540 suggests downside pressure, with indicators favoring a move towards 1.1463.

USD/JPY Forecast

USD/JPY formed a downward move to 158.28, followed by a corrective rebound to 159.71. The pair is now consolidating near 159.10.

• Bullish scenario: Break above → 160.70
• Bearish scenario: Break below → 157.77

Technical indicators suggest a likely dip towards 157.77, followed by a potential recovery to 160.70.

GBP/USD Forecast

GBP/USD climbed to 1.3344 before dropping to 1.3181. A consolidation phase is expected below this level.

• Bearish scenario: Break lower → 1.3150
• Bullish scenario: Break higher → 1.3290

Technical structure points to a possible decline to 1.3150, followed by a corrective rebound towards 1.3250.

AUD/USD Forecast

AUD/USD is currently consolidating near 0.6900.

• Expected move: A downward wave targeting 0.6809

Technical indicators support continued downside pressure, with the pair likely moving toward the 0.6809 region.

USD/CAD Forecast

USD/CAD reached 1.3906 and is now expected to consolidate below this level.

• Bullish scenario: Break higher → 1.3981
• Bearish scenario: Break lower → 1.3890

Indicators suggest a move up to 1.3981, followed by a corrective pullback towards 1.3820.

XAU/USD (Gold) Forecast

Gold rallied to 4,688 and is currently consolidating above this level.

• Bullish scenario: Break higher → 4,820, potentially 5,040–5,045
• Bearish scenario: Break lower → 4,457

Technical outlook favors a short-term decline to 4,457, followed by a possible continuation of the upward trend towards 5,040.

Brent Crude Oil Forecast

Brent reached 107.47 and is now consolidating below this level.

• Bullish scenario: Break higher → 114.60, with potential extension to 119.66
• Bearish scenario: Break lower → 100.00, followed by recovery to 108.60

Indicators suggest a likely upward move toward 108.60 in the near term.

Risk Disclaimer

Past trading performance does not guarantee future results. Always apply proper risk management when trading.