Daily Technical Analysis and Forecast — 30 October 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a downward movement to 1.1577 followed by a correction to 1.1636. For 30 October 2025, the pair is expected to decline towards 1.1570, then correct to 1.1606. The market remains within a broad consolidation range near 1.1606. A breakout below this level could signal a continuation of the decline towards 1.1550, with the potential to extend the trend down to 1.1488. This movement represents only part of the third downward wave, with the main target projected near 1.1240.
The scenario aligns with the Elliott Wave structure and a bearish wave matrix, with a key pivot point at 1.1730. Price action is expected to test the lower boundary of the Price Envelope at 1.1570, followed by a rebound towards its central line at 1.1606.
Technical outlook: EURUSD remains under pressure, with potential declines to 1.1570 and 1.1550.
USDJPY Forecast
On the H4 chart, USDJPY has completed a correction to 151.54 and begun forming an upward wave towards 153.40. On 30 October 2025, this target is expected to be reached before a correction to 152.46. The pair continues to consolidate near this level. A breakout above 152.46 could pave the way for further growth towards 154.00, with a potential extension to 154.33.
This outlook is supported by the Elliott Wave structure and a bullish wave matrix with a pivotal level at 149.80. The pair is consolidating around the central line of the Price Envelope at 152.46, with expectations of further advancement towards the upper boundary at 154.33.
Technical outlook: USDJPY may rise towards 154.00 and 154.33.
GBPUSD Forecast
On the H4 chart, GBPUSD formed a consolidation zone around 1.3242 before breaking lower. The local downside target was reached at 1.3150, followed by a correction to 1.3206 (testing from below). On 30 October 2025, the third downward wave of the broader downtrend is expected to continue, with the next targets at 1.3111 and 1.3013, while the main target lies near 1.2962.
This scenario is confirmed by the Elliott Wave structure and the bearish wave matrix, with a key pivot point at 1.3242. The market is consolidating near the central line of the Price Envelope at this level, with potential continuation towards the lower boundary at 1.3111.
Technical outlook: GBPUSD is expected to extend its decline towards 1.3111.
AUDUSD Forecast
On the H4 chart, AUDUSD expanded its consolidation range up to 0.6616. For 30 October 2025, the pair is developing a downward movement towards 0.6551, followed by a possible rebound to 0.6580. A new consolidation range may form near the upper boundary of this correction. A break below 0.6550 would open the path towards 0.6432, and possibly 0.6350.
This projection is supported by the Elliott Wave analysis and the bearish wave matrix with a key pivot at 0.6550. Having tested the upper boundary of the Price Envelope at 0.6616, a decline towards its lower boundary at 0.6432 is anticipated.
Technical outlook: AUDUSD is likely to begin a new downward wave towards 0.6432.
USDCAD Forecast
On the H4 chart, USDCAD has completed a correction to 1.3888. On 30 October 2025, an upward impulse is developing towards 1.3952, followed by a potential correction to 1.3920. A consolidation phase may form around this area. A breakout to the upside could drive the pair higher towards 1.4020, with a possible continuation to 1.4160.
This outlook aligns with the Elliott Wave structure and the bullish wave matrix, with a pivotal level at 1.3940. After testing the lower boundary of the Price Envelope at 1.3888, the pair is expected to rise towards 1.4020, and a breakout above this level could lead to an extension to 1.4160, followed by a corrective pullback towards 1.3930.
Technical outlook: USDCAD remains bullish, targeting 1.4020 and 1.4160.
XAUUSD Forecast
On the H4 chart, XAUUSD continues to consolidate around 3,972. On 30 October 2025, the range may expand upwards to 4,056, followed by a drop to 3,860 and a rebound to 4,010. A broader consolidation is expected around 4,010. A break below this range could extend the correction to 3,785, and potentially 3,666. Conversely, a breakout above 4,056 could resume the upward trend towards 4,400.
The scenario is consistent with the Elliott Wave pattern and the bullish wave matrix, with a key pivot at 3,660. The market appears to be developing a corrective structure toward the lower boundary of the Price Envelope at 3,860, with an anticipated rebound to 4,010.
Technical outlook: XAUUSD remains in correction, targeting 3,860 before potential recovery.
Brent Forecast
On the H4 chart, Brent crude is completing a corrective move towards 63.00. On 30 October 2025, the correction is expected to end, followed by a rise to 66.00. A breakout above 66.00 would open potential for further upside towards 69.15, with possible extensions to 70.77 and 72.22.
This forecast is supported by the Elliott Wave formation and the bullish wave matrix, with a pivotal point at 66.00. After testing the upper boundary of the Price Envelope at 65.99, the market is correcting towards the central line at 63.00. Once completed, a new upward impulse towards 69.15 is anticipated.
Technical outlook: Brent is likely to complete its correction near 63.00, then resume growth towards 66.00 and 69.15.
Risk Warning:
Past performance does not guarantee future results. Trading financial instruments carries a high level of risk and may not be suitable for all investors.
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