Daily Technical Analysis and Forecast – 13 August 2025
EURUSD Forecast – 13 August 2025
On the H4 chart, EURUSD remains in a consolidation phase around 1.1655, recently testing the lower boundary near 1.1589. A short-term move upward towards 1.1720 is expected. Once that level is reached, a decline towards 1.1555 is anticipated.
This outlook is supported by the Elliott Wave pattern and a downward wave matrix with a pivotal level at 1.1590, marking a key structural point. The market currently appears to be in a corrective move within the upper Price Envelope, aiming for 1.1720 before potentially resuming the downtrend to 1.1555.
Today’s Technical Bias: Bearish, targeting 1.1555.
USDJPY Forecast – 13 August 2025
USDJPY continues to consolidate around 147.66 on the H4 chart. An upside movement towards 148.77 is likely, followed by a possible pullback to retest 147.77. A broader consolidation may unfold at this level.
If the market breaks downward, the next target lies at 146.40. A breakout to the upside would signal trend continuation toward 150.90, with the potential to reach 153.00.
The scenario is reinforced by the Elliott Wave structure and an upward matrix, pivoting at 146.66. The market is currently around the midline of the Price Envelope, pointing to a move towards its upper band at 148.77.
Today’s Technical Bias: Bullish, with a potential move towards 148.77.
GBPUSD Forecast – 13 August 2025
On the H4 chart, GBPUSD is in the midst of a corrective movement targeting 1.3544. This correction is likely to complete soon, paving the way for a downward wave towards 1.3344, followed by a recovery to 1.3444.
The Elliott Wave structure and the bearish wave matrix, with a key pivot at 1.3366, validate this projection. A temporary consolidation below 1.3544 is possible, after which the pair could drop towards the lower band of the Price Envelope at 1.3262.
Today’s Technical Bias: Bearish, targeting 1.3344.
AUDUSD Forecast – 13 August 2025
AUDUSD is trading within a consolidation band around 0.6525 on the H4 chart. A break to the upside is anticipated towards 0.6570, followed by a potential reversal down to 0.6490. A breakdown below this support could drive the price further down to 0.6408.
This outlook aligns with the Elliott Wave structure and a bearish wave matrix, with a key pivot point at 0.6515. The current move appears corrective, testing the upper band of the Price Envelope at 0.6570, with the lower band at 0.6408 as a probable target.
Today’s Technical Bias: Bearish, likely continuation towards 0.6408.
USDCAD Forecast – 13 August 2025
USDCAD is completing a correction phase, with the H4 chart showing a recent test of 1.3790. The price is expected to drop to 1.3750, and a breakdown could extend the move towards 1.3700.
This scenario fits the Elliott Wave count and upward wave matrix, pivoting at 1.3715. The pair has recently moved below the midline of the Price Envelope at 1.3787. Once the correction ends near 1.3700, an upward trend may resume towards 1.3890.
Today’s Technical Bias: Bearish short-term, with possible support at 1.3700.
XAUUSD (Gold) Forecast – 13 August 2025
Gold continues to consolidate around $3,355 without a clear trend direction on the H4 chart. A downward breakout is possible, targeting $3,298 initially, and potentially extending to $3,255.
The Elliott Wave structure and a downward wave matrix pivoting at $3,345 support this view. The metal is currently correcting toward the lower band of the Price Envelope. A potential recovery to $3,420 may follow after the correction phase.
Today’s Technical Bias: Bearish, correction likely towards $3,298.
Brent Crude Oil Forecast – 13 August 2025
Brent remains in a consolidation zone around $66.11 on the H4 timeframe. A short-term dip to $65.00 is expected, followed by a likely upward reversal aiming for $72.62.
The forecast is backed by the Elliott Wave pattern and an upward wave matrix, with a key pivot at $69.50. The market appears to be concluding a correction toward the lower boundary of the Price Envelope. A bullish reversal from $65.00 could drive prices towards $72.60, possibly extending to $76.00.
Today’s Technical Bias: Bullish potential after completing correction at $65.00.
Disclaimer: Past performance does not guarantee future results. All forecasts are for informational purposes only and should not be considered as trading advice.
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