Daily Technical Analysis and Forecast – 24 November 2025
EURUSD Forecast
On the H4 chart, EURUSD has completed a downward wave toward 1.1491. As of 24 November 2025, the pair is forming a tight consolidation zone above this level.
- Bullish scenario: A break above the range may initiate a corrective move toward 1.1550.
- Bearish scenario: A downward break could extend the prevailing bearish wave toward 1.1414, 1.1404, and 1.1390.
The Elliott Wave structure and the downward wave matrix (pivot at 1.1660) support this view. The price has reached the lower boundary of the Price Envelope at 1.1491, and a corrective move toward the midline at 1.1550 is likely. A further rise toward 1.1610 is also possible before another decline toward 1.1414 resumes.
Technical outlook: Signals lean toward a corrective rebound to 1.1550.
Risk Warning: Past trading performance does not guarantee future results.
USDJPY Forecast
On the H4 timeframe, USDJPY completed a downward impulse toward 156.19. A compact consolidation zone is expected above this level.
- Upside scenario: A breakout upward could trigger a correction toward 157.15.
- Downside scenario: A break lower keeps the door open for the next leg of the impulse toward 155.26.
The Elliott Wave structure and upward wave matrix (pivot at 155.26) confirm this. The market continues to move toward the lower Price Envelope boundary at 155.26, after which a rebound toward the central line at 156.56 may follow.
Technical outlook: Indicators point to a corrective move toward 155.26.
Risk Warning: Past trading performance does not guarantee future results.
GBPUSD Forecast
GBPUSD has finished a downward wave toward 1.3038 on the H4 chart. A pullback toward 1.3118 is expected on 24 November 2025. A new consolidation zone is forming near 1.3118.
- Upside breakout: Opens the path toward 1.3188.
- Downside breakout: Targets 1.3022, with an extension possible toward 1.2911.
The Elliott Wave structure and the downward wave matrix (pivot at 1.3188) support the bearish continuation scenario. The price is moving toward the lower Price Envelope boundary at 1.3022, possibly extending toward 1.2990, after which a correction toward 1.3118 is likely.
Technical outlook: Indicators point to continued downside movement toward 1.3022.
Risk Warning: Past trading performance does not guarantee future results.
AUDUSD Forecast
AUDUSD reached its local downward target at 0.6422 and completed an upward impulse toward 0.6464. A corrective decline toward 0.6444 is expected, forming a new consolidation range.
- Upward breakout: Opens room for growth toward 0.6505.
- Downward breakout: Continues the bearish trend toward 0.6400, with an extension toward 0.6343.
The Elliott Wave structure and downward wave matrix (pivot at 0.6505) support this. After touching the lower Price Envelope at 0.6422, a corrective move to 0.6444 is expected, followed by further downside toward 0.6400.
Technical outlook: Signals point to corrective potential toward 0.6505.
Risk Warning: Past trading performance does not guarantee future results.
USDCAD Forecast
USDCAD completed an upward wave toward 1.4132. A consolidation phase is forming below this level.
- Downward breakout: Opens a corrective move toward 1.4070.
- Upward breakout: Creates potential for a rise toward 1.4160.
The Elliott Wave structure and upward wave matrix (pivot at 1.3939) confirm this. The price has reached the upper boundary of the Price Envelope at 1.4132, making a pullback to 1.4070 likely before another upward wave toward 1.4160 develops.
Technical outlook: Indicators point to a correction toward 1.4070, followed by renewed upside potential toward 1.4160.
Risk Warning: Past trading performance does not guarantee future results.
XAUUSD (Gold) Forecast
Gold is consolidating near 4,064 on the H4 chart without a clear trend.
- Near-term movement: A decline toward 4,019 is possible, with further correction toward 4,000.
- After correction: An upward wave toward 4,285 may begin.
The Elliott Wave structure and upward wave matrix (pivot at 4,088) support the idea of continued correction toward 4,000, from where a bullish wave may emerge toward 4,285.
Technical outlook: Signals point to a decline toward 4,000, followed by potential upward movement toward 4,141, 4,208, and 4,284.
Risk Warning: Past trading performance does not guarantee future results.
Brent Crude Oil Forecast
Brent is consolidating around 61.85 on the H4 chart.
- Upward breakout: Opens a bullish continuation toward 66.10, with an extended target of 70.30.
- Downward breakout: Extends the correction toward 60.50, after which bullish momentum may resume toward 70.30.
The Elliott Wave structure and upward wave matrix (pivot at 64.00) support this scenario. Brent is currently correcting toward the lower Price Envelope boundary at 60.50. After a breakdown from the 62.62 consolidation range, the correction may continue before rebounding toward 66.10.
Technical outlook: Indicators suggest a decline toward 60.50, followed by a move toward 66.10.
Risk Warning: Past trading performance does not guarantee future results.
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