Daily Technical Analysis & Market Forecast — 30 September 2025
EURUSD Forecast
On the H4 chart, EURUSD is consolidating near 1.1715. A short-term rise to 1.1768 is expected, followed by a potential retest of 1.1715 from above. The correction could extend to 1.1786, after which a fresh downward wave may begin, targeting 1.1625 and possibly extending to 1.1464.
From a technical perspective, the Elliott Wave pattern and a bearish wave structure with a pivot at 1.1786 support this scenario. Previously, the market reached the lower boundary of the Price Envelope at 1.1645. Currently, price is hovering around the median line at 1.1715, with a corrective move towards the upper boundary at 1.1786 likely.
Outlook: Short-term correction towards 1.1786, followed by a potential bearish wave to 1.1625.
USDJPY Forecast
USDJPY is undergoing a correction towards 147.72 on the H4 timeframe. This move is expected to complete today. After the correction, the pair may resume its uptrend towards 149.40, with a further possible extension to 151.15.
Technically, the bullish Elliott Wave setup, pivoting at 147.72, confirms the likelihood of a rebound. The pair previously reached the Price Envelope’s upper boundary at 149.90. The current retracement may reach the lower boundary at 147.72 before resuming the uptrend.
Outlook: Correction to 147.72, then potential bullish continuation to 151.15.
GBPUSD Forecast
GBPUSD is consolidating near 1.3434 on the H4 chart. A short-term rise to 1.3550 is anticipated. Once this move is complete, a new bearish wave may develop towards 1.3328, possibly extending to 1.3100.
The Elliott Wave structure supports this outlook, with a key pivot at 1.3550. The market already touched the lower edge of the Price Envelope at 1.3323, making a retracement to the upper boundary at 1.3550 likely before a renewed decline.
Outlook: Short-term rally to 1.3550, followed by a potential drop to 1.3328 and 1.3100.
AUDUSD Forecast
AUDUSD broke out of its consolidation around 0.6570, heading towards 0.6615. Once this correction completes, a downward wave may begin, targeting 0.6493, with further downside possible to 0.6366 on a breakout.
Elliott Wave analysis points to a bearish wave formation with a pivot at 0.6616. The pair previously touched the Price Envelope’s lower band at 0.6525, and a move towards the upper boundary at 0.6616 is expected before a potential reversal.
Outlook: Correction may complete at 0.6616, with potential downside to 0.6493 and below.
USDCAD Forecast
USDCAD broke below its consolidation range under 1.3956. Today, a corrective move towards 1.3892, and potentially 1.3838, is anticipated. Once complete, a new bullish wave could emerge, targeting 1.3950.
The Elliott Wave structure supports this view, with a pivot at 1.3838 acting as a key technical level. The pair had reached the upper Price Envelope boundary at 1.3956, and a retracement to the median line at 1.3838 is currently in play.
Outlook: Short-term correction towards 1.3838, followed by potential bullish continuation to 1.3950.
XAUUSD Forecast (Gold)
Gold completed a growth wave to 3,820 and is now consolidating. A breakout above this level could lead to an extension towards 3,883, and possibly to 3,920.
The Elliott Wave structure supports continued bullish momentum, with a key pivot at 3,660. The Price Envelope’s upper boundary lies at 3,920, suggesting that the trend remains upward. A later pullback to the central line at 3,845 is also likely after reaching higher levels.
Outlook: Bullish continuation to 3,883 and 3,920, with possible pullback to 3,845.
Brent Crude Oil Forecast
Brent is completing its correction towards 66.16. Once this move concludes, the next bullish wave may begin, targeting 68.80. A breakout above this level could extend gains to 71.28. If 66.16 fails to hold, further correction towards 65.50 is possible.
Technically, the bullish wave structure with a pivot at 67.66 supports this scenario. Brent is approaching the lower boundary of the Price Envelope at 66.16, which could act as a reversal point towards 68.80.
Outlook: Correction likely ending at 66.16; upside targets at 68.80 and 71.28.
Disclaimer: Past performance is not indicative of future results. All forecasts are based on technical analysis and are subject to change based on market dynamics.
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