Daily Technical Analysis and Forecast – 16 September 2025
EURUSD Forecast
On the H4 chart, EURUSD has broken above the 1.1744 level, completing an upward wave towards 1.1786. For today, 16 September 2025, a short-term pullback to retest 1.1744 from above is anticipated. Following this correction, the pair may resume its rise towards 1.1812, with potential for an extended move to 1.1830. Once this upward movement is exhausted, a reversal towards 1.1693 could begin.
The Elliott Wave pattern and wave structure, with a key pivot at 1.1693, support this outlook. Currently, the market is advancing towards the upper boundary of the Price Envelope near 1.1812.
Technical indicators point to continued upside potential towards 1.1812.
USDJPY Forecast
USDJPY has broken below 147.30 on the H4 chart and is continuing its downward trajectory. A further decline to 146.55 is expected today. If the price breaks below this level, the downward wave may extend to 146.11 and potentially to 145.50.
This bearish scenario is confirmed by the Elliott Wave structure and downward wave matrix with a pivot at 147.30. Presently, the market is consolidating near the midline of the Price Envelope, with a projected move towards the lower boundary at 146.30.
Technical indicators suggest further downside to around 146.30.
GBPUSD Forecast
On the H4 timeframe, GBPUSD is continuing its upward trend towards 1.3636. Today, the market has surpassed 1.3578, aiming to reach the next target at 1.3636. A minor correction back to test 1.3580 may follow, with the potential for renewed growth towards 1.3670.
This bullish movement aligns with the Elliott Wave structure and wave matrix, using a pivot at 1.3400. Currently, the pair is climbing towards the upper boundary of the Price Envelope around 1.3670.
Technical indicators support a continued rise towards 1.3670.
AUDUSD Forecast
AUDUSD remains in an upward wave, targeting 0.6696 on the H4 chart. The price is expected to reach this level today. Afterward, a correction to around 0.6600 may occur, followed by another upward move towards 0.6780.
This outlook is confirmed by the Elliott Wave formation and the growth wave matrix, pivoting at 0.6600. At present, the market is progressing towards the upper boundary of the Price Envelope near 0.6696.
Technical indicators favor continued growth towards 0.6696.
USDCAD Forecast
USDCAD completed a decline to 1.3777 and is now consolidating below this level on the H4 chart. A breakdown from this range could lead to a further move toward 1.3700 and possibly 1.3670.
This bearish outlook is validated by the Elliott Wave analysis and wave matrix with a pivot at 1.3800. The market is currently heading toward the lower boundary of the Price Envelope near 1.3700, with a potential rebound to retest the midline at 1.3800 before another drop to 1.3670.
Technical indicators point to a likely decline towards 1.3700.
XAUUSD Forecast (Gold)
XAUUSD has broken out of its consolidation zone, setting the stage for a move up to 3,703 on the H4 chart. This level is expected to be reached today. Following that, a downward correction to 3,486 could begin, with a possible continuation lower to 3,333.
This scenario is backed by the Elliott Wave structure and wave matrix with a pivot at 3,486. Currently, gold is advancing towards the upper boundary of the Price Envelope near 3,703.
Technical indicators suggest continued bullish momentum towards 3,703.
Brent Forecast
Brent crude found support at 66.46 and is currently in an upward wave targeting 68.11. A breakout above this level could push prices higher towards 71.00 and eventually 73.00.
According to the Elliott Wave analysis and wave matrix with a pivot at 66.46, Brent is moving towards the upper boundary of the Price Envelope near 69.30. A pullback to retest the midline at 68.00 could follow before further gains.
Technical indicators support a bullish move towards 69.30.
Risk Warning: Past trading performance does not guarantee future results. Always perform your own analysis and manage risk appropriately.
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