Daily Technical Analysis and Forecast – 7 November 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a corrective wave toward 1.1550. On 7 November 2025, the pair is expected to consolidate below this level. A breakout above the range could extend the correction to 1.1565, while a downside breakout would likely resume the third wave of the downtrend, targeting at least 1.1405.
This scenario aligns with the Elliott wave structure, where 1.1565 serves as the pivot point within the downward wave matrix. The correction appears close to completion, and the next move could push the price toward the lower boundary of the Price Envelope at 1.1444, with further downside potential to 1.1405.
Technical outlook: Indicators suggest a potential decline toward 1.1405.
Risk Warning: Past performance does not guarantee future results.
USDJPY Forecast
On the H4 chart, USDJPY is consolidating around 153.33. On 7 November 2025, the pair may extend this range downward to 152.20. A breakout above the range could propel the price toward 155.70, with an extension possible up to 157.57. Conversely, a downside breakout may trigger a correction toward 151.22, followed by renewed growth toward 155.70.
This outlook is consistent with the Elliott wave structure, where 151.90 acts as the pivot point of the upward wave. The pair is currently consolidating around the central line of the Price Envelope, suggesting a possible test of its lower boundary at 152.20, followed by a rise toward 155.70.
Technical outlook: Indicators point to a short-term correction toward 152.20.
Risk Warning: Past performance does not guarantee future results.
GBPUSD Forecast
On the H4 chart, GBPUSD has completed a corrective move to 1.3140. On 7 November 2025, consolidation is expected below this level, with a potential breakout downward extending the decline toward 1.2900, marking a local target within the third wave of the downtrend.
This scenario aligns with the Elliott wave matrix, with 1.3140 serving as the key pivot. The pair may now move toward the lower boundary of the Price Envelope at 1.2900 following a completed correction to the central line.
Technical outlook: Indicators suggest a downward move toward 1.2900.
Risk Warning: Past performance does not guarantee future results.
AUDUSD Forecast
On the H4 chart, AUDUSD reversed downward from 0.6515. On 7 November 2025, the decline may continue toward 0.6470, with further potential to reach 0.6422. This movement represents part of the third downward wave, with an extended target at 0.6226.
The Elliott wave matrix identifies 0.6470 as the key pivot level. The market has completed a corrective wave to the central Price Envelope line and now appears poised to move toward the lower boundary at 0.6422, potentially extending the third wave toward 0.6226.
Technical outlook: Indicators favor a continued decline toward 0.6422.
Risk Warning: Past performance does not guarantee future results.
USDCAD Forecast
On the H4 chart, USDCAD is consolidating below 1.4139. On 7 November 2025, an upside breakout could push the pair to 1.4160, while a downside breakout might lead to a correction toward 1.4024, followed by a rebound toward 1.4160.
According to the Elliott wave matrix, 1.3939 is the key pivot level. The pair is currently advancing toward the upper boundary of the Price Envelope at 1.4160. Once this target is reached, a correction to the central line at 1.4020 or even 1.3939 could follow.
Technical outlook: Indicators suggest continued upward momentum toward 1.4160.
Risk Warning: Past performance does not guarantee future results.
XAUUSD (Gold) Forecast
On the H4 chart, XAUUSD continues consolidating around 4,020 without a clear directional bias. On 7 November 2025, the range may extend down to 3,906, followed by a rebound to 3,970. A deeper move toward 3,880 remains possible as the metal stays within a broad consolidation phase.
A downside breakout could extend the correction toward 3,660, while an upside breakout might open the path toward 4,400. Within the Elliott wave matrix, 3,660 is the pivot point, marking the foundation of the ongoing structure.
Technical outlook: Indicators point to a potential short-term decline toward 3,880.
Risk Warning: Past performance does not guarantee future results.
Brent Forecast
On the H4 chart, Brent crude oil has completed a correction to 62.75. On 7 November 2025, a rise toward 64.65 is anticipated. A breakout above this level could drive the price higher toward 66.10, followed by consolidation around that level. Further upside could target 69.40, with an extension potential toward 72.30.
The Elliott wave matrix identifies 66.10 as the key pivot level. After the correction to the lower boundary of the Price Envelope at 62.75, the market appears ready to resume its upward impulse toward the upper boundary at 66.10.
Technical outlook: Indicators suggest the beginning of a bullish phase with potential movement toward 69.10.
Risk Warning: Past performance does not guarantee future results.
Leave a Reply