Daily Technical Analysis & Forecast — 18 September 2025

EURUSD Forecast

On the H4 chart, EURUSD recently extended its upward movement to 1.1917 before sharply retreating to 1.1819. Today, a consolidation phase is expected near this level. A break below this range could trigger a further decline towards 1.1720, possibly followed by a short-term rebound to retest 1.1819. If bearish momentum continues, the price may head toward 1.1600, and then 1.1500.

From a technical standpoint, the Elliott Wave structure and wave matrix pivoting at 1.1630 support the case for a continued decline. The pair has already reached the upper edge of the Price Envelope at 1.1917, with potential to move towards the lower edge at 1.1720.

Technical Outlook: Bearish towards 1.1720

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USDJPY Forecast

USDJPY completed a downward move to 145.50, followed by a sharp rebound to 146.95 on the H4 timeframe. A consolidation is anticipated around this level. A breakout above the range could push the pair to 148.40, while a downside break may lead back to 144.67.

The Elliott Wave pattern and wave matrix pivoting at 147.30 point to a likely move toward the upper envelope boundary at 148.30.

Technical Outlook: Bullish toward 148.30

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GBPUSD Forecast

GBPUSD pushed higher to 1.3723, then reversed to 1.3626. A consolidation zone is forming around the current level, with a potential breakdown targeting 1.3525. A short-term correction to 1.3626 may occur before further downside toward 1.3277.

Wave structures and the matrix pivoting at 1.3400 indicate a potential drop toward the lower envelope boundary at 1.3525.

Technical Outlook: Bearish toward 1.3525

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AUDUSD Forecast

AUDUSD rose to 0.6704 and then pulled back to 0.6644. The market is likely to consolidate near this level today. A downside break may lead to a decline toward 0.6580, followed by a possible correction back to 0.6640.

Elliott wave analysis with a pivot at 0.6511 supports this outlook, targeting the lower envelope at 0.6580.

Technical Outlook: Bearish toward 0.6580

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USDCAD Forecast

USDCAD declined to 1.3727 and then climbed to 1.3777. A consolidation phase is expected here, with a breakout potentially lifting the pair to 1.3826. A correction back toward 1.3770 could follow.

Technical patterns and wave pivot at 1.3777 confirm the possibility of further gains toward 1.3826, followed by a pullback.

Technical Outlook: Bullish toward 1.3826

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XAUUSD (Gold) Forecast

Gold surged to $3,707 before falling to $3,656. Today, a consolidation is expected near this level. If support breaks, gold may decline to $3,610, and possibly correct back to $3,656 before resuming its downward move toward $3,486.

The Elliott Wave structure with a pivot at $3,486 supports a decline from the upper envelope boundary at $3,707 to the lower at $3,610, and potentially further.

Technical Outlook: Bearish toward $3,610

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Brent Crude Forecast

Brent crude completed a correction down to $67.10, and the bullish trend is expected to continue toward $68.80, with potential to reach $69.30. A corrective dip to $67.20 may follow, before continuing upward to $71.30 and potentially $75.00.

Wave analysis and a pivot at $67.10 support further bullish momentum toward the upper Price Envelope boundary at $69.30.

Technical Outlook: Bullish toward $69.30

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Risk Disclaimer: Past performance is not indicative of future results. Market conditions may change rapidly, and all trading decisions should be based on thorough analysis and proper risk management.

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