Daily Technical Analysis and Forecast — 6 November 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a downward movement to 1.1468. On 6 November 2025, the pair is expected to consolidate around 1.1490, with a possible range expansion towards 1.1511 on the upside and 1.1464 on the downside.
A breakout above 1.1511 could extend a corrective wave toward 1.1550, while a downside break below 1.1464 would indicate the continuation of the third bearish wave targeting 1.1405.
This scenario aligns with the Elliott Wave structure and the bearish wave matrix, with a key pivot at 1.1566. The price is likely to test the lower boundary of the Price Envelope near 1.1464, followed by a potential correction toward its central line at 1.1550.
Technical Outlook: Expect a decline toward 1.1464, followed by a corrective bounce to 1.1550.
USDJPY Forecast
On the H4 chart, USDJPY continues to consolidate around 153.77. The pair could expand this range upwards to 154.50 and downwards to 152.83.
A breakout to the upside would signal a continuation of the bullish wave toward 155.70, potentially extending to 157.57. A downward breakout could trigger a corrective phase toward 152.22, before the uptrend resumes.
This setup is supported by the Elliott Wave structure and a bullish wave matrix, with a pivot point at 151.90. The market is hovering around the central line of the Price Envelope at 153.77. A rise to 154.50, followed by a short correction toward 152.22, is expected before the next leg higher toward 155.70.
Technical Outlook: A possible correction to 152.22, followed by renewed growth toward 155.70.
GBPUSD Forecast
On the H4 chart, GBPUSD is consolidating around 1.3036. The range could expand upward toward 1.3093, before resuming a decline toward 1.2910, which serves as the local downside target.
This movement is consistent with the Elliott Wave structure and a bearish wave matrix, with a pivotal resistance at 1.3140. After testing the lower boundary of the Price Envelope at 1.3010, a correction to the midline at 1.3093 is likely, followed by a continuation of the downtrend toward 1.2910.
Technical Outlook: A correction toward 1.3093 may precede a downward move to 1.2910.
AUDUSD Forecast
On the H4 chart, AUDUSD has formed a consolidation range near 0.6492 and broken slightly upward. On 6 November 2025, a short-term rise toward 0.6525 is possible, followed by a downward reversal toward 0.6422, the next local target.
The Elliott Wave structure and bearish wave matrix confirm this scenario, with a key pivot at 0.6492. The pair has reached the lower boundary of the Price Envelope at 0.6458. A corrective rebound toward the midline at 0.6525 is likely, followed by a resumption of the decline toward 0.6422.
Technical Outlook: Expect a correction to 0.6525, then a drop toward 0.6422.
USDCAD Forecast
On the H4 chart, USDCAD completed an upward movement to 1.4139. A short-term pullback toward 1.4068 is possible, followed by another rise toward 1.4160. After that, a correction toward 1.4040 — and potentially 1.3939 — may occur.
This view is supported by the Elliott Wave structure and a bullish wave matrix with a pivot at 1.3939. The price is testing the upper boundary of the Price Envelope near 1.4160. Once that level is reached, a corrective move toward the central line at 1.4020, or even down to 1.3939, is anticipated.
Technical Outlook: Upward momentum remains intact toward 1.4160, with a corrective phase likely to follow.
XAUUSD (Gold) Forecast
On the H4 chart, XAUUSD remains range-bound around 3,970 without a defined trend. On 6 November 2025, the range may widen downward to 3,906, followed by a rebound to 3,970. Further weakness toward 3,880 is possible within a broader consolidation near 4,020.
A breakout below this zone could trigger a deeper correction to 3,660, while an upward breakout may set the stage for a rally toward 4,400.
This projection aligns with the Elliott Wave structure and bullish wave matrix, with a key pivot at 3,660. The price may test the lower boundary of the Price Envelope near 3,880, then recover toward the midline at 4,020.
Technical Outlook: A likely decline to 3,880, followed by consolidation and possible rebound.
Brent Forecast
On the H4 chart, Brent crude is consolidating around 64.40 with no clear directional bias. On 6 November 2025, a downward correction toward 63.00 is expected. Once this correction completes, an upward movement toward 66.10 may begin. A breakout above 66.10 would confirm the continuation of the bullish trend toward 69.15, with an extended target at 72.30.
This scenario is backed by the Elliott Wave structure and the bullish wave matrix, with a pivot level at 66.10. After reaching the upper boundary of the Price Envelope near 65.99, Brent is expected to correct toward 63.00 before resuming its ascent toward 69.15.
Technical Outlook: Correction likely to finish near 63.00, followed by a rise toward 69.15.
Risk Warning:
The results of previous trading operations do not guarantee future performance. Trading financial instruments involves risk, and investors should conduct their own analysis before making decisions.
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