Daily Technical Analysis & Forecast – 17 September 2025
EURUSD Forecast
On the H4 timeframe, EURUSD has broken above the 1.1766 level and extended its upward movement to 1.1877. For today, a pullback to 1.1766 (to test it from above) is anticipated. This may be followed by a rebound towards 1.1812, forming a consolidation range around that level. A break below this range could initiate a new downward leg, targeting 1.1630.
The Elliott wave structure and current wave dynamics—anchored around the pivot at 1.1630—support this scenario. Price has reached the upper boundary of the Price Envelope, and a retracement to its midline at 1.1766 is expected.
Outlook: Bearish correction towards 1.1766.
USDJPY Forecast
On the H4 chart, USDJPY has completed a downward move to 146.20. A corrective bounce to 147.30 is expected today, maintaining the pair within a broad consolidation zone near that level. If the price breaks below this consolidation, the next targets would be 146.11 and potentially 145.50.
The Elliott wave structure, with a pivot at 147.30, confirms this technical outlook. The pair is currently at the lower edge of the Price Envelope, making a rebound towards its centerline at 147.30 likely.
Outlook: Bullish correction towards 147.30.
GBPUSD Forecast
GBPUSD reached the 1.3670 mark, completing its latest upward wave. A retracement to 1.3500 is expected today, followed by a potential rebound to 1.3580.
This view is supported by the Elliott wave analysis and the wave matrix, with a key pivot at 1.3400. The price recently touched the upper boundary of the Price Envelope, suggesting a downward correction is due.
Outlook: Bearish move towards 1.3500.
AUDUSD Forecast
AUDUSD completed a bullish move to 0.6688. A decline to 0.6580 is expected today, after which the price may rebound towards 0.6640.
The Elliott wave structure and growth matrix, centered around the pivot at 0.6511, validate this outlook. The pair is currently near the top of the Price Envelope, indicating a correction towards the lower boundary is likely.
Outlook: Bearish correction towards 0.6580.
USDCAD Forecast
USDCAD has declined to 1.3734. A short-term correction to 1.3778 may occur today before the pair resumes its decline towards 1.3700 and possibly 1.3670.
The current wave structure, with a pivot at 1.3800, supports this bearish scenario. Price action suggests a test of the central line of the Price Envelope at 1.3778 before continuation of the downward trend.
Outlook: Short-term bullish correction to 1.3778, then bearish continuation.
XAUUSD (Gold) Forecast
Gold (XAUUSD) completed an upward wave to $3,703. A decline to $3,613 is expected today, followed by a potential rebound to $3,656. Consolidation is likely around this zone. A breakdown below $3,613 could lead to a deeper decline toward $3,486.
Wave structure analysis and the growth matrix, with a pivot at $3,486, support this view. Gold is at the top of its Price Envelope, indicating a move lower is likely.
Outlook: Bearish move towards $3,613, with possible continuation to $3,486.
Brent Crude Oil Forecast
Brent crude reached $68.34, completing an upward impulse. A continuation towards $69.30 is expected today. After that, a correction to $67.20 could follow before the next bullish leg toward $71.30 and potentially $75.00, the next local target.
Wave structure analysis with a pivot at $67.20 supports this scenario. The price is currently moving toward the upper boundary of the Price Envelope, and a pullback to the midline is anticipated after the next upward push.
Outlook: Bullish continuation to $69.30, then potential correction to $67.20.
Risk Disclaimer: Past performance is not indicative of future results. This analysis is based on technical structures and historical price behavior and should not be taken as financial advice. Always conduct your own research and consult with a licensed financial advisor before making trading decisions.
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