Daily Technical Analysis and Forecast – 29 September 2025
EURUSD Forecast
On the H4 chart, EURUSD has formed a consolidation range above 1.1645 and broken upward, initiating a corrective phase. A rise to 1.1730 is expected today, followed by a possible pullback to 1.1690, and an extension of the correction toward 1.1780, where resistance may be tested from below. Upon completion of this correction, a new bearish wave could emerge, targeting 1.1625 and potentially extending to 1.1464.
Technical Outlook:
The Elliott wave structure and downward wave matrix centered around the pivot at 1.1780 support this scenario. The pair has touched the lower boundary of the Price Envelope at 1.1645, and a move toward the midline at 1.1730 is expected, with a potential test of the upper boundary near 1.1780.
Summary: A corrective move toward 1.1780 is likely before a potential new downward trend resumes.
USDJPY Forecast
USDJPY is currently correcting on the H4 chart, with a decline toward 148.70 expected today. This correction could extend further to 147.77, after which a new upward wave may develop, targeting 150.00 and possibly extending to 153.00.
Technical Outlook:
The Elliott wave formation and the bullish wave matrix with a pivot at 147.77 support this outlook. The pair previously reached the upper Price Envelope at 149.90 and is now expected to correct toward the midline at 148.70, with a potential dip to the lower boundary at 147.77.
Summary: Correction likely toward 148.70 and possibly 147.77, before resuming upward momentum toward 150.00–153.00.
GBPUSD Forecast
GBPUSD broke upward from a consolidation range above 1.3333 on the H4 chart. Today, a move toward 1.3444 is expected, followed by a potential drop to 1.3380, and a bounce to 1.3550. After this correction completes, a new decline may begin, targeting 1.3300.
Technical Outlook:
The Elliott wave structure and the bearish matrix with a pivot at 1.3550 validate this outlook. The lower boundary at 1.3333 has been tested, and now a correction toward the Price Envelope’s midline at 1.3444 is in play.
Summary: Short-term correction toward 1.3444, followed by potential reversal downward.
AUDUSD Forecast
On the H4 chart, AUDUSD formed a consolidation above 0.6520 and broke higher. Today, a rise to 0.6570 is expected, followed by a slight pullback to 0.6555, and then further upward correction to 0.6616. After that, a downward wave toward 0.6496 may develop.
Technical Outlook:
The Elliott wave structure and the downward wave matrix with a pivot at 0.6616 support this view. The price recently touched the lower boundary of the Price Envelope at 0.6525, and a correction toward the center line at 0.6575 is underway, possibly extending to the upper limit at 0.6616.
Summary: Ongoing correction targeting 0.6575–0.6616 before a potential reversal.
USDCAD Forecast
USDCAD broke downward from a consolidation range below 1.3956 on the H4 chart. A corrective pullback toward 1.3898 is possible today, potentially extending to 1.3838. From there, a new bullish phase may begin, aiming to retest 1.3950.
Technical Outlook:
The Elliott wave pattern and the bullish matrix with a pivot at 1.3838 support this path. The recent high at the upper Price Envelope boundary (1.3956) sets the stage for a pullback toward the central band at 1.3838, likely acting as a springboard for further gains.
Summary: Expect correction to 1.3838 before renewed upward movement.
XAUUSD (Gold) Forecast
Gold (XAUUSD) has broken upward from a consolidation around 3,762. Today, further gains toward 3,820 are anticipated, with potential for an extension to 3,840 as a near-term high.
Technical Outlook:
The Elliott wave structure and bullish wave matrix pivoted at 3,595 suggest a continued rally. A correction may later pull price back to the central Price Envelope line at 3,762 after testing the upper band at 3,840.
Summary: Upward movement expected to 3,840, followed by possible correction to 3,762.
Brent Crude Forecast
Brent crude completed a bullish wave to 69.80 and is currently in correction mode. A retracement to 67.66 is possible today before further growth toward 70.30, with an extended target at 71.30.
Technical Outlook:
The Elliott wave formation and upward wave matrix with a pivot at 67.66 support continued bullish momentum. The current move targets the upper Price Envelope boundary at 70.30, with corrections toward the central line (67.66) remaining valid.
Summary: Correction to 67.66 expected, followed by resumption of upward trend toward 71.30.
Risk Disclaimer: Past performance is not indicative of future results. Technical analysis is based on historical patterns and does not guarantee future price action. Always manage risk appropriately.
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