Weekly Technical Analysis and Market Forecast (10–14 November 2025)
Major Technical Levels to Watch
| Instrument | Support Levels | Resistance Levels |
|---|---|---|
| EURUSD | 1.1430, 1.1388 | 1.1540, 1.1660 |
| USDJPY | 152.20, 149.90 | 154.40, 157.50 |
| GBPUSD | 1.2870, 1.2777 | 1.3115, 1.3500 |
| AUDUSD | 0.6450, 0.6422 | 0.6520, 0.6560 |
| USDCAD | 1.4070, 1.4020 | 1.4135, 1.4160 |
| Gold (XAUUSD) | 3,880, 3,660 | 4,020, 4,160 |
| Brent Crude | 63.00, 61.80 | 64.50, 69.10 |
EURUSD Forecast
Fundamental Overview
The EURUSD pair remains under pressure due to several USD-supportive factors:
- Federal Reserve Policy:
Fed officials continue to express a “higher-for-longer” stance, supporting U.S. bond yields and strengthening the dollar. - ECB Outlook:
The ECB remains cautious amid slowing eurozone activity, increasing the likelihood of earlier monetary easing compared to the Fed. - Eurozone Data:
Weak industrial output and business activity continue to weigh on the euro. - Geopolitical Risks:
Heightened global uncertainty bolsters safe-haven demand for the USD.
Overall: The combination of macro and policy dynamics favors continued downward pressure on EURUSD.
Technical Outlook
On the daily chart, EURUSD completed the first leg of a bearish wave at 1.1468. A corrective phase is unfolding, likely to lift prices toward 1.1550, followed by renewed downside targeting 1.1430. A consolidation zone is forming near 1.1484, which is expected to serve as a pivot before a breakout lower — marking the start of a third wave down, targeting 1.1240.
- Bearish (Base Case): The current correction completes below 1.1550, leading to further downside toward 1.1240.
- Bullish (Alternative): A breakout above 1.1550 could extend gains to 1.1660, signaling an end to the corrective phase.
USDJPY Forecast
Fundamental Overview
USDJPY remains volatile, influenced by:
- Rate Differential:
A persistent U.S.-Japan yield gap supports USD strength, as the Fed stays restrictive while the BoJ remains cautious. - Intervention Risk:
Levels above 154.00 attract the attention of Japan’s Ministry of Finance, with possible verbal interventions if volatility spikes. - US Treasury Yields:
Yields remain elevated, maintaining a supportive tone for USDJPY.
Technical Outlook
The pair has reached 154.40, completing the third wave’s local target. A consolidation below this level suggests weakening momentum and a possible corrective phase toward 152.20, potentially extending to 149.90 (the key support area of the broader fourth wave).
- Bullish (Base Case): A sustained move above 154.40 may trigger a new leg higher toward 157.50 and 158.00, with an extended target at 159.62.
- Bearish (Alternative): A rejection from 154.40 could initiate a correction toward 152.20, with deeper potential to 149.90.
GBPUSD Forecast
Fundamental Overview
The pound remains driven by USD strength and cautious BoE rhetoric. Weak UK consumer and housing data add pressure, while widening rate differentials keep GBPUSD under strain.
Technical Outlook
After a decline to 1.3010, GBPUSD is consolidating near 1.3115, a potential pivot zone. A sustained move below this level could confirm continuation of the third bearish wave toward 1.2777, with a possible extension to 1.2500.
- Bearish (Base Case): Below 1.3115, downside targets include 1.2777 and 1.2500.
- Bullish (Alternative): A breakout above 1.3150 would allow a corrective recovery toward 1.3500.
AUDUSD Forecast
Fundamental Overview
AUD remains pressured by:
- Cooling Australian labor data,
- Sluggish Chinese commodity demand, and
- A persistent rate gap favoring the USD.
Technical Outlook
AUDUSD declined to 0.6495, forming a minor corrective rebound to 0.6515. The pair is likely to test 0.6422, where a consolidation range may emerge before a possible breakout lower. The next major downside target lies near 0.6226, consistent with a broader downtrend continuation.
- Bearish (Base Case): Decline toward 0.6422, with potential extension to 0.6226.
- Bullish (Alternative): Sustained consolidation above 0.6560 could trigger a rally toward 0.6620.
USDCAD Forecast
Fundamental Overview
USDCAD remains supported by:
- The Fed’s relatively hawkish stance,
- Limited BoC flexibility amid domestic weakness, and
- Volatile oil prices and global risk sentiment.
Technical Outlook
The pair continues to trend higher toward 1.4160, the local target for the current bullish wave. After reaching this zone, a corrective pullback toward 1.4020 or 1.3939 is likely before resuming the broader uptrend targeting 1.4333.
- Bullish (Base Case): Holding above 1.4020 supports continuation to 1.4160, then 1.4333 after correction.
- Bearish (Alternative): A sharp break below 1.4020 could deepen correction to 1.3939 or lower.
Gold (XAUUSD) Forecast
Fundamental Overview
Gold trades within a medium-term range amid mixed drivers:
- Safe-haven demand from geopolitical tensions,
- Offset by high real yields and limited dovish Fed signals.
Technical Outlook
XAUUSD is consolidating near 4,020, with potential for a downward expansion to 3,880. From there, a retest of 4,020 is expected. A sustained drop below this zone could open the path to 3,660, completing a corrective phase before a renewed bullish wave toward 4,020 and 4,560.
- Bearish (Base Case): A decline to 3,660, followed by a reversal setup.
- Bullish (Alternative): A firm break above 4,020 could fuel a rise toward 4,400–4,560.
Brent Crude Forecast
Fundamental Overview
Oil prices remain supported by a combination of geopolitical and supply-side risks:
- Geopolitical Tensions:
Persistent instability in the Middle East and Venezuela, and elevated risks in European supply logistics. - Sanctions:
Tightened restrictions on Russian oil and higher logistics costs support prices. - Demand Outlook:
China’s improving industrial production and declining U.S. inventories add to bullish sentiment. - OPEC+ Policy:
The alliance maintains discipline on quotas, reinforcing stability.
Technical Outlook
Brent is completing a corrective move toward 63.00, with a potential rebound targeting 64.50, and a breakout likely accelerating toward 69.10. The broader bullish wave structure suggests eventual targets at 72.10, 75.20, and 78.30.
- Bullish (Base Case): Upside continuation to 69.10, then 78.30 in the broader trend.
- Bearish (Alternative): A drop below 63.00 may extend correction to 61.80, likely short-lived within the overall bullish context.
Risk Disclaimer
Past performance does not guarantee future results. The analyses and forecasts presented herein are based on technical and fundamental indicators available as of 10 November 2025 and are intended solely for informational purposes.
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