Weekly Technical Analysis & Forecast (24–28 November 2025)
Major Technical Levels to Watch This Week
| Instrument | Support Levels | Resistance Levels |
|---|---|---|
| EURUSD | 1.1500, 1.1440 | 1.1570, 1.1650 |
| USDJPY | 155.00, 153.80 | 158.00, 159.88 |
| GBPUSD | 1.3000, 1.2828 | 1.3150, 1.3220 |
| AUDUSD | 0.6435, 0.6333 | 0.6480, 0.6530 |
| USDCAD | 1.4065, 1.3970 | 1.4160, 1.4240 |
| Gold (XAUUSD) | 4000, 3930 | 4130, 4285 |
| Brent Crude | 61.75, 60.00 | 64.64, 66.00 |
EURUSD Forecast
Fundamental Outlook
EURUSD continues to face pressure from the eurozone’s soft economic backdrop and subdued inflation outlook. Markets expect the ECB to begin cutting rates before the Federal Reserve, while the USD remains supported by resilient US economic data and temporary government funding stability. Overall, the fundamental bias for EURUSD remains moderately bearish.
Technical Outlook
On the daily chart, EURUSD has completed a corrective rise to 1.1655 and is now forming the third wave lower. The first leg down reached 1.1499, which is currently acting as a structural pivot point.
This week, consolidation is likely above 1.1499.
- A break above 1.1570 may trigger a minor correction.
- A break below 1.1499 would confirm continuation of the main downward wave.
Downside targets:
- 1.1444
- 1.1333
- 1.1250
The projected target for the full wave structure based on the pivot point (PP) is 1.1066.
Scenarios
Bearish (base case): Correction toward 1.1570 followed by continuation of the downtrend.
Bullish (alternative): If the price holds above 1.1570 with strong volume, a deeper correction towards 1.1650–1.1730 is possible, though unlikely.
USDJPY Forecast
Fundamental Outlook
USDJPY remains strongly influenced by monetary-policy divergence.
- The Fed’s hawkish stance supports US yields and keeps USD strength intact.
- The BOJ remains cautious, limiting upside in JPY.
- Yield differentials and broad geopolitical uncertainty continue to support bullish momentum.
Technical Outlook
The pair broke out of a consolidation around 153.80 and is moving steadily toward 158.00, which is expected to be reached this week.
After testing 158.00, a corrective pullback toward 155.77 is likely, followed by a continuation toward 159.88 and potentially 162.22.
Scenarios
Bullish (main): Targeting 158.00 → 159.88 → 162.22.
Bearish (alternative): A breakdown below 155.00 on high volume may trigger a deeper decline toward 149.90.
GBPUSD Forecast
Fundamental Outlook
The pound remains under pressure from weak UK macro data, including slowing labour conditions and subdued inflation. Markets anticipate potential BoE easing in early 2026. Meanwhile, USD demand stays firm as traders await PCE data and FOMC minutes.
Technical Outlook
GBPUSD continues to move within a descending channel, consolidating around 1.3150—a key magnet level.
This week, the pair may extend lower to 1.3000, then rebound to re-test 1.3150 as a potential pivot before initiating a new downward impulse.
Downside targets:
- 1.2828
- 1.2580 (wave estimate)
Scenarios
Bearish (main): Development of the third downward wave.
Bullish (alternative): Sustained consolidation above 1.3150 could allow a move to 1.3292, the channel’s upper boundary.
AUDUSD Forecast
Fundamental Outlook
AUD remains pressured by:
- Weak global commodity demand
- Stronger USD and hawkish Fed minutes
- Uncertain Chinese recovery
- Lower expectations for additional RBA tightening
Key Australian business activity data and US inflation releases will guide weekly direction.
Technical Outlook
AUDUSD completed a drop to 0.6435 and may stage a slight rebound to 0.6477, followed by renewed downside movement.
A break below 0.6422 would open the way for further decline toward 0.6333, and ultimately 0.6222.
Scenarios
Bearish (main): Below 0.6435 → targets 0.6333 and 0.6222.
Bullish (alternative): Above 0.6480, a corrective rise toward 0.6530 is possible, but the broader trend remains bearish.
USDCAD Forecast
Fundamental Outlook
USDCAD remains supported by:
- Strong USD demand
- Hawkish FOMC tone
- BoC’s dovish bias amid cooling Canadian growth
- Neutral-to-weak oil prices, limiting CAD strength
Technical Outlook
The pair completed a corrective wave at 1.3972 and is forming a new bullish wave toward 1.4160.
After reaching 1.4160, a pullback to 1.3939 is expected before a fifth wave develops toward 1.4333.
Scenarios
Bullish (main): Above 1.4065 → target 1.4160.
Bearish (alternative): Below 1.4040 on strong volume → extended correction toward 1.3939.
XAUUSD (Gold) Forecast
Fundamental Outlook
Gold’s weekly direction will be shaped by:
- Fed rate-cut expectations (Dec–Jan window)
- Movements in US real yields
- Global risk sentiment and geopolitical tensions
Real yields remain near local lows, supporting gold. However, any hawkish Fed shift may limit upside.
Technical Outlook
XAUUSD tested 4,000, rebounded to 4,130, and formed a consolidation zone.
A continuation toward 4,285 is expected, followed by a corrective pullback toward 4,030.
Scenarios
Bullish (main): Break above 4,130 → target 4,285.
Bearish (alternative): Below 4,000 → targets 3,840 and 3,660.
Brent Crude Oil Forecast
Fundamental Outlook
Brent enters the week amid:
- Rising OPEC+ supply, especially Saudi Arabia and Iraq
- Stabilising Asian demand
- Declining US crude inventories
- Mixed geopolitical factors
- Uncertainty ahead of the December OPEC+ meeting
Short-term downside pressure remains, but medium-term prospects lean positive if no external shocks occur.
Technical Outlook
Brent failed to break above 64.00 and slipped below 63.40, pointing toward a corrective decline to 61.75.
Once the correction ends, a bullish wave may begin, targeting 66.00 and then 69.10.
Scenarios
Bullish (main):
- First target: 69.10
- Second target: 72.10
- Primary wave target: 78.30
Bearish (alternative):
- Below 63.40 → extended correction to 61.75
Risk Warning
Past performance does not guarantee future results. All trading carries risk. This analysis is for informational purposes only and should not be considered investment advice.
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