Daily Technical Analysis and Forecast – 28 August 2025
EURUSD Forecast
On the H4 chart, EURUSD recently completed a downward move to 1.1573, followed by a corrective bounce to 1.1654. A consolidation is currently forming near 1.1630.
Today, a downward breakout is expected, with an initial target at 1.1540. This may be followed by a retest of 1.1630 from below, then a continued decline towards 1.1517.
The Elliott wave structure supports this bearish outlook, with a pivot point at 1.1630 and a continuation toward the lower boundary of the Price Envelope.
🔹 Technical Outlook: Bearish
🔹 Target: 1.1540 → 1.1517
USDJPY Forecast
On the H4 timeframe, USDJPY continues to consolidate near 147.44, within a range extending up to 148.10.
Today, a breakout scenario is likely:
- Downward breakout could take the price to 146.15
- Upward breakout may lead to a move towards 148.77
The Elliott wave model and price structure suggest the pivot at 147.44 is key. The pair is currently moving along the Price Envelope’s centerline, awaiting a decisive move.
🔹 Technical Outlook: Bearish bias
🔹 Target: 146.15
GBPUSD Forecast
GBPUSD completed a downward leg to 1.3414 and corrected to 1.3515. Today, a break below 1.3440 could trigger a decline to 1.3395, potentially continuing to 1.3360.
The wave structure and pivot at 1.3492 support a bearish continuation, with consolidation currently centered around this level.
🔹 Technical Outlook: Bearish
🔹 Target: 1.3360
AUDUSD Forecast
AUDUSD is consolidating near 0.6486, with no strong directional bias. However, a bearish breakout is anticipated, targeting 0.6400. A corrective bounce back to 0.6480 may follow.
The wave analysis and pivot at 0.6515 suggest the market is forming the fifth wave lower, with the Price Envelope’s lower boundary as the next target.
🔹 Technical Outlook: Bearish
🔹 Target: 0.6400
USDCAD Forecast
USDCAD has broken below 1.3822 and is extending lower toward 1.3755. After reaching this level, a correction to 1.3800 is possible, followed by a further drop to 1.3700.
Wave analysis with a pivot at 1.3800 supports the downward continuation, with movement toward the lower band of the Price Envelope.
🔹 Technical Outlook: Bearish
🔹 Targets: 1.3755 → 1.3700
XAUUSD (Gold) Forecast
Gold is consolidating near the top of its recent rally around $3,380. A short-term extension higher to $3,409 is possible, followed by a decline to $3,350. If this support breaks, the move may continue to $3,290.
Wave structure suggests a key pivot at $3,350, with the market testing the upper boundary of the Price Envelope before potential reversal.
🔹 Technical Outlook: Mixed → Bearish
🔹 Targets: 3,409 → 3,350 → 3,290
Brent Crude Forecast
Brent completed a move to $67.45, followed by a correction to $66.77. The next upward leg is expected to push prices toward $68.66, with potential continuation to $68.88.
Wave analysis identifies $67.70 as the pivot point, supporting the continuation toward the Price Envelope’s upper boundary. A correction back to $66.60 may follow afterward.
🔹 Technical Outlook: Bullish
🔹 Targets: 68.66 → 68.88
Disclaimer:
This analysis is based on historical data and technical indicators. Past performance is not a guarantee of future results. Always manage risk carefully and consider seeking advice from financial professionals before trading.
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