Daily Technical Analysis and Forecast – 20 August 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a downward movement reaching 1.1622. For 20 August 2025, a short-term correction towards 1.1676 is anticipated. The primary scenario indicates a further decline to 1.1577, with potential for an extended drop to 1.1485 and possibly 1.1430 as a local target.
The Elliott wave pattern and downward wave structure, pivoting around 1.1590, support this bearish outlook. The price is nearing the lower band of the Price Envelope at 1.1577, which could trigger a corrective bounce to 1.1677.
Outlook: Correction to 1.1677 expected after testing 1.1577.
USDJPY Forecast
USDJPY continues to consolidate around 147.30 on the H4 chart. For today, movement toward the upper boundary at 148.30 is likely. A breakout could target 149.11, while a breakdown below the range may lead to 144.33.
Wave structure analysis and a pivot at 147.30 support this outlook. Price is currently near the midline of the Price Envelope, and a drop to 146.00 is a potential scenario before any rebound.
Outlook: Downward move to 146.00 remains likely.
GBPUSD Forecast
GBPUSD is forming a narrow consolidation zone near 1.3480 on the H4 timeframe. A breakdown from this range may lead to a decline towards 1.3355, with the possibility of an extended drop to 1.3140.
Technical structure with a key pivot at 1.3355 supports a bearish outlook. The pair has completed a corrective phase near the upper edge of the Price Envelope at 1.3590 and is expected to resume downward movement.
Outlook: Bearish pressure could push prices to 1.3355.
AUDUSD Forecast
AUDUSD reached a local target at 0.6430. A minor correction to 0.6480 (potential retest from below) may occur before resuming the downward trend towards 0.6408.
Elliott wave analysis and a pivot at 0.6515 point to a continuation of the fifth downward wave, targeting the lower limit of the Price Envelope.
Outlook: Possible continued decline toward 0.6408 after brief correction.
USDCAD Forecast
USDCAD completed a bullish wave to 1.3880. A pullback to 1.3800 (retesting from above) is expected today, followed by another rise to 1.3895.
Wave analysis with a pivot at 1.3715 and price action near the upper boundary of the Price Envelope suggests a corrective phase before further gains.
Outlook: Temporary correction to 1.3800 before resuming uptrend to 1.3895.
XAUUSD (Gold) Forecast
Gold (XAUUSD) broke the lower boundary of its recent consolidation range, opening the way for a drop to 3,307. A short-term correction toward 3,340 could follow once the target is reached.
Wave structure and a pivot at 3,335 confirm this bearish scenario. Price is heading toward the bottom of the Price Envelope.
Outlook: Further decline to 3,307 expected, followed by a corrective rebound to 3,340.
Brent Crude Oil Forecast
Brent is consolidating around 65.60 without a clear trend. A dip to 64.60 is likely today, potentially followed by a recovery to 66.60. A breakout above could extend gains toward 68.60 and ultimately 72.60.
Technical wave patterns with a pivot at 68.60 suggest the current downward wave may soon complete, setting the stage for a bullish reversal.
Outlook: Expected bottoming at 64.60, followed by a potential rally toward 68.60–72.60.
⚠ Risk Warning: Past trading results do not guarantee future performance. Always use proper risk management and conduct your own analysis before trading.
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