Daily Technical Analysis and Forecast – 24 October 2025
EURUSD Forecast
On the H4 chart, EURUSD continues to consolidate around 1.1604. On 24 October 2025, a breakout above this range could trigger a corrective rise towards 1.1650. Conversely, a downward breakout would likely extend the decline towards 1.1550, with further potential to reach 1.1488. This movement would complete only half of the third downward wave in the prevailing bearish trend, with the overall third-wave target projected near 1.1240.
From an Elliott Wave perspective, this scenario is reinforced by the bearish wave matrix, with a key pivot point at 1.1730. The market is expected to move toward the lower boundary of the Price Envelope at 1.1550, followed by a rebound towards the central line at 1.1606.
Technical outlook: Indicators favor a continued decline towards 1.1550.
USDJPY Forecast
On the H4 chart, USDJPY broke out of its compact consolidation zone around 152.45 and began an upward move. On 24 October 2025, the pair is expected to rise towards 153.43, and a breakout above that level could lead to further growth towards 154.30, the next key target.
This bullish scenario is supported by the Elliott Wave structure and a bullish wave matrix, with a pivot point at 149.80. After consolidating around the central line of the Price Envelope at 151.88, the pair is now expanding upward toward 153.43, with room to advance to 154.30.
Technical outlook: Indicators suggest continued growth towards 154.30.
GBPUSD Forecast
On the H4 chart, GBPUSD remains within a tight consolidation zone around 1.3340. On 24 October 2025, an upside breakout could initiate a corrective move towards 1.3400. Alternatively, a downside breakout would confirm continuation of the third wave of decline, targeting 1.3213 initially and potentially extending to 1.2962 in the broader bearish trend.
According to the Elliott Wave analysis, the bearish wave matrix shows a pivotal resistance at 1.3490. The pair is currently oscillating around the central line of the Price Envelope near 1.3340, with a likely downward move towards the lower boundary at 1.3213.
Technical outlook: Indicators point to a decline towards 1.3213.
AUDUSD Forecast
On the H4 chart, AUDUSD continues to move sideways within a narrow range near 0.6484. On 24 October 2025, a breakout to the upside could push prices towards 0.6525, while a downward breakout might send the pair to 0.6415.
This scenario aligns with the Elliott Wave formation, showing a bearish bias with a key pivot point at 0.6525. The market previously moved down to the lower boundary of the Price Envelope at 0.6440 and then corrected upward to the central line at 0.6524. A brief rise to 0.6530 could be followed by a pullback to 0.6415.
Technical outlook: A short-term rise to 0.6530 is possible before a decline toward 0.6415.
USDCAD Forecast
On the H4 chart, USDCAD has completed its correction near 1.3973. On 24 October 2025, an upward continuation towards 1.4070 is expected, with a breakout above this level likely to extend the move towards 1.4160 — the next local target.
This setup is supported by a bullish Elliott Wave configuration and a wave matrix with a key pivot at 1.3940. After testing the lower boundary of the Price Envelope near 1.3973, the pair appears ready to advance towards 1.4070 and potentially 1.4160, before a possible correction back to 1.3940 for a retest from above.
Technical outlook: Indicators support continued growth towards 1.4070 and 1.4160.
XAUUSD (Gold) Forecast
On the H4 chart, XAUUSD remains in consolidation around 4,090. On 24 October 2025, the range could expand upwards towards 4,180 or downwards towards 3,970. A downside breakout would deepen the correction towards 3,666, while an upward breakout may resume the broader uptrend towards 4,400.
The Elliott Wave analysis and bullish wave matrix identify 3,660 as the pivotal support. Gold is forming a corrective move toward the lower boundary of the Price Envelope at 3,970, with a likely rebound targeting the upper boundary near 4,400.
Technical outlook: Indicators point to continued correction towards 3,970.
Brent Crude Forecast
On the H4 chart, Brent crude has broken above 62.26, extending its upward wave towards 65.65. On 24 October 2025, the market is consolidating just below this level. A downside breakout could trigger a correction back to 62.26, while an upside breakout would confirm the continuation of the bullish trend towards 70.20, the next significant target.
The Elliott Wave pattern supports this bullish structure, with a key pivot at 65.10. After previously reaching the lower boundary of the Price Envelope near 60.00, Brent is forming a new upward impulse — potentially driven by ongoing geopolitical factors — targeting the upper boundary around 70.20.
Technical outlook: Indicators suggest potential growth towards 68.00 and 70.20.
Risk Warning: Past trading performance is not indicative of future results. Market conditions can change rapidly, and all forecasts should be used for informational purposes only.
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