Daily Technical Analysis and Forecast – 22 August 2025
EURUSD Forecast – 22 August 2025
On the H4 chart, EURUSD has broken below its consolidation range and is continuing its downward movement towards the target of 1.1582, which is expected to be reached today. A short-term correction to 1.1655 may follow. Once this pullback is complete, the downtrend is likely to resume toward 1.1505, with potential extension to 1.1430.
The Elliott wave structure and a bearish wave matrix pivoting at 1.1590 support this scenario. Currently, the price is moving towards the lower boundary of the Price Envelope at 1.1505, with a possible rebound to the central line near 1.1656.
Technical outlook: Bearish continuation towards 1.1505 remains likely.
USDJPY Forecast – 22 August 2025
On the H4 chart, USDJPY has broken above 147.80, signaling a breakout from the consolidation range and aiming for 149.70 as a local target. After this level is reached, a correction to 148.33 (testing from above) could follow, potentially leading to a fresh upward wave toward 150.45.
The bullish Elliott wave structure, supported by a pivot at 146.55, confirms this outlook. The current move targets the upper boundary of the Price Envelope at 149.70, followed by a likely pullback to the central line at 148.33 before a continuation to 150.45.
Technical outlook: Further upside expected, targeting 149.70 in the short term.
GBPUSD Forecast – 22 August 2025
GBPUSD has broken below its consolidation range on the H4 chart and is trending toward 1.3350, expected to be hit today. A corrective move to 1.3473 could follow before a new downward leg aims for 1.3140.
The Elliott wave structure and a bearish wave matrix with a pivot at 1.3475 confirm this trend. The pair is currently approaching the lower boundary of the Price Envelope at 1.3350, with a likely bounce to the central line at 1.3475.
Technical outlook: Bearish continuation toward 1.3350, followed by a possible correction.
AUDUSD Forecast – 22 August 2025
AUDUSD continues its decline toward the initial target of 0.6407. This level may be reached today, followed by a potential correction to 0.6460, and if broken, an extended pullback to 0.6515. Afterwards, a renewed drop to 0.6400 is expected.
The Elliott wave pattern and bearish matrix, pivoting at 0.6515, support this outlook. The market is forming a fifth downward wave toward the lower boundary of the Price Envelope at 0.6400.
Technical outlook: Bearish trend continues toward 0.6400.
USDCAD Forecast – 22 August 2025
USDCAD is extending an upward wave toward 1.3920 as a local target. Upon reaching this level, the market may consolidate, with a potential drop to 1.3800 (testing from above) before continuing higher toward 1.4000.
The Elliott wave structure and bullish wave matrix with a pivot at 1.3727 support this scenario. The current move targets the upper boundary of the Price Envelope at 1.3900, suggesting a near-term correction may follow.
Technical outlook: Short-term pullback toward 1.3800 possible after reaching 1.3920.
XAUUSD (Gold) Forecast – 22 August 2025
Gold (XAUUSD) is forming a consolidation range around 3,335. A decline to 3,295 is expected today, followed by a correction toward 3,330 and another drop to 3,272.
The Elliott wave formation and a bearish matrix pivoting at 3,335 support this outlook. The price is moving toward the lower boundary of the Price Envelope at 3,295, with a potential rebound to the central line at 3,335.
Technical outlook: Continued bearish momentum with downside targets at 3,295 and 3,272.
Brent Crude Oil Forecast – 22 August 2025
Brent has completed a wave up to 67.30 on the H4 chart. A correction to 66.60 may unfold today, followed by renewed growth toward 68.20 and potentially 68.80, the initial target.
The Elliott wave structure and bullish matrix with a pivot at 66.60 confirm this view. The market is advancing toward the upper boundary of the Price Envelope at 68.80, with a possible pullback to the central line at 66.60 afterward.
Technical outlook: Uptrend continuation expected toward 68.80.
Risk Disclaimer:
Past trading performance does not guarantee future results. Always conduct your own analysis before making trading decisions.
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