Daily Technical Analysis & Forecast – 28 July 2025
EURUSD Forecast – 28 July 2025
On the H4 timeframe, EURUSD has completed a downward impulse to the 1.1703 level. A corrective bounce to 1.1769 has taken place. The pair is expected to resume its decline, initially targeting 1.1700. A break below this level could extend the move toward 1.1640, with potential continuation to 1.1630.
The Elliott wave structure and pivot at 1.1660 support this outlook. After previously reaching the upper boundary of the Envelope at 1.1788, the price dropped to the center line at 1.1703. A minor recovery to 1.1770 may precede a deeper move to the lower boundary near 1.1630.
Summary: Technical indicators suggest further downside, with a potential target at 1.1630.
USDJPY Forecast – 28 July 2025
On the H4 chart, USDJPY completed a corrective wave up to 148.00. The pair may now extend its downward move toward 145.75, with a possible continuation to 144.22 as a short-term target.
The Elliott wave pattern and pivot level at 148.00 support this bearish scenario. A test of the lower boundary of the Envelope at 145.75 is underway. A short-term rebound to the center line at 147.07 may occur before a renewed decline to 144.22.
Summary: Indicators suggest further weakness, aiming for 145.75 and possibly 144.22.
GBPUSD Forecast – 28 July 2025
GBPUSD has completed a downward wave to 1.3424 on the H4 chart. A short-term recovery toward 1.3500 is possible, followed by a renewed decline targeting 1.3280.
Wave analysis identifies 1.3490 as the key pivot in the current structure. Price is consolidating around the central Envelope line, with potential to head lower to the 1.3280 level.
Summary: Technical signals indicate the bearish wave may resume toward 1.3280.
AUDUSD Forecast – 28 July 2025
The AUDUSD pair is currently developing a downward wave toward 0.6540. This level is expected to be reached today. A short-term bounce to 0.6580 is likely after the initial move.
Wave structure analysis marks 0.6540 as the key pivot. Following a move from the Envelope’s upper boundary at 0.6623, price is heading toward the central line at 0.6540. A break below this could open the path to 0.6444.
Summary: Downward movement is anticipated with a near-term target at 0.6540.
USDCAD Forecast – 28 July 2025
USDCAD has completed an upward impulse to 1.3725 on the H4 timeframe. A pullback to 1.3646 is anticipated, followed by a potential rally toward 1.3800.
The Elliott wave setup highlights 1.3640 as a crucial pivot. After breaking out from a consolidation around the Envelope’s center line at 1.3646, price may retest this level before targeting the upper boundary at 1.3800.
Summary: A pullback to 1.3646 is likely before the uptrend resumes toward 1.3800.
XAUUSD (Gold) Forecast – 28 July 2025
Gold is forming a corrective wave, currently moving downward toward 3,318. A short-term recovery to 3,375 is anticipated, with a possible drop to 3,312 afterward.
Wave analysis indicates a pivot at 3,375. Price recently touched the lower boundary of the Envelope near 3,318, and a move back to the central line is expected.
Summary: A rebound to 3,375 is forecast, with potential volatility around the 3,312–3,375 range.
Brent Crude Forecast – 28 July 2025
Brent crude continues to consolidate near 68.55 on the H4 chart. The range may temporarily extend downward to 66.55 before a potential upward move toward 68.38. A breakout above this could lead to a rally to 71.30.
Wave structure identifies 68.55 as the critical pivot. Price is fluctuating near the Envelope’s center line, with downside risk to 66.55 and upside potential to the upper boundary at 71.30.
Summary: A dip to 66.55 may be followed by a bullish continuation toward 71.30.
Risk Disclaimer: Past trading performance is not indicative of future results. Technical analysis is subject to market conditions and may change without notice.
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