Daily Technical Analysis and Forecast — 19 September 2025
EURUSD Forecast
On the H4 chart, EURUSD recently corrected to 1.1846 before initiating a downward move to 1.1750. As of 19 September 2025, the pair is consolidating near the 1.1800 level. A break below this range may signal the continuation of the bearish impulse, with 1.1680 as the next target. After reaching this level, a pullback towards 1.1800 (as a retest from below) is likely.
Technically, both the Elliott wave structure and the prevailing bearish wave pattern—with a pivot at 1.1800—support this scenario. The pair is currently hovering near the midline of the Price Envelope, suggesting a potential move toward the lower boundary around 1.1680.
Forecast: Bearish towards 1.1680.
USDJPY Forecast
On the H4 chart, USDJPY corrected to 147.20 and may dip slightly to 146.96 today. Afterward, a potential upward move toward 148.40 is expected.
From a technical standpoint, the Elliott wave pattern and wave matrix indicate a bullish scenario, with the pivot level at 147.30. The pair appears to have found support at the central line of the Price Envelope, and a move to the upper boundary at 148.40 is likely.
Forecast: Bullish towards 148.40.
GBPUSD Forecast
On the H4 timeframe, GBPUSD is continuing its decline towards the 1.3500 support level. This target is expected to be reached today, followed by a possible correction to 1.3580 before another leg down to 1.3440.
The Elliott wave structure and the bearish wave matrix—with a pivot at 1.3580—support this setup. The market is currently trending toward the lower limit of the Price Envelope, indicating further downward pressure.
Forecast: Bearish towards 1.3500.
AUDUSD Forecast
AUDUSD is forming a downside impulse on the H4 chart, with a short-term target at 0.6580 expected to be reached today. A corrective move toward 0.6650 may follow, and then another decline could take the pair to 0.6500.
Technically, the Elliott wave formation and the bearish wave matrix with a pivot at 0.6611 point toward continued downside. The pair is moving towards the lower boundary of the Price Envelope, which stands at 0.6577.
Forecast: Bearish towards 0.6577.
USDCAD Forecast
On the H4 chart, USDCAD has broken out of a consolidation range around 1.3777 to the upside. The current move may extend to 1.3826, followed by a corrective pullback to retest 1.3777 from above.
The Elliott wave structure and the bullish wave matrix, with 1.3777 as the pivot, support further gains. Price has reached the upper boundary of the Price Envelope near 1.3825, making a correction to the midline at 1.3777 likely.
Forecast: Bullish towards 1.3826, followed by a correction.
XAUUSD (Gold) Forecast
Gold is currently consolidating around 3,655 on the H4 chart. A break below this level could trigger a decline towards 3,600. Afterward, a recovery back to 3,655 is possible, potentially forming a broader consolidation range. If an upside breakout occurs, the price could move up to 3,700.
From a technical perspective, the Elliott wave structure and upward wave matrix (pivot at 3,486) imply potential for both downward and upward moves. Currently, the market is positioned around the center of the Price Envelope, with the lower boundary near 3,600 in focus.
Forecast: Bearish towards 3,600 in the short term.
Brent Crude Oil Forecast
Brent continues to consolidate around the 66.90 level on the H4 chart. A short-term decline to 66.00 may occur today, followed by a rebound towards 69.00. Later, a correction to 67.00 could set the stage for further gains to 71.30, with 75.00 as a medium-term target.
Technically, the Elliott wave structure and bullish wave matrix with a pivot at 67.00 support this outlook. The market is nearing the upper boundary of the Price Envelope at 69.00, suggesting a possible pullback before further upside.
Forecast: Bullish towards 69.00, with potential for extension.
Disclaimer: Past performance is not indicative of future results. All trading decisions are made at your own risk, and market conditions can change rapidly.
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