Daily Technical Analysis & Market Forecast – 30 July 2025
EURUSD Forecast – 30 July 2025
On the 4-hour chart, EURUSD remains in the third leg of a broader downward movement, targeting 1.1490. The pair is currently consolidating around 1.1552. A drop towards 1.1505 may follow, with potential for a rebound to 1.1646 before a further slide toward 1.1490 or even 1.1330.
Technical Outlook:
The Elliott Wave structure supports the bearish scenario, with a key pivot at 1.1645. Price has recently touched the lower edge of the Envelope at 1.1517 and is now forming a tight range near 1.1580. A downside breakout is expected.
📉 Short-Term Bias: Bearish
📌 Key Levels: Support – 1.1490 | Resistance – 1.1645
USDJPY Forecast – 30 July 2025
USDJPY is consolidating around 148.00 on the H4 chart. A continued rise towards 149.11 is likely, with the trend potentially stretching to 150.00.
Technical Outlook:
The Elliott Wave count suggests bullish momentum with a key pivot at 148.00. The price is targeting the upper Envelope boundary at 149.11, and a brief pullback to 148.00 could precede a push to 150.00.
📈 Short-Term Bias: Bullish
📌 Key Levels: Support – 148.00 | Resistance – 150.00
GBPUSD Forecast – 30 July 2025
GBPUSD is currently consolidating around 1.3370. The pair is likely to resume its downtrend towards 1.3150. A corrective bounce to retest 1.3370 is possible, followed by a potential extension of the decline to 1.2955.
Technical Outlook:
The Elliott Wave pattern suggests bearish pressure, with 1.3370 acting as a key pivot. The pair is approaching the lower Envelope boundary at 1.3260 and may break lower in the short term.
📉 Short-Term Bias: Bearish
📌 Key Levels: Support – 1.3150 | Resistance – 1.3370
AUDUSD Forecast – 30 July 2025
AUDUSD is trading in a narrow range near 0.6520. A bearish breakout is expected, initially targeting 0.6460 with potential continuation to 0.6420.
Technical Outlook:
The decline wave structure supports a bearish bias, with 0.6520 as a key pivot. The pair is drifting towards the lower edge of the Envelope at 0.6460. A brief recovery may follow before a further decline.
📉 Short-Term Bias: Bearish
📌 Key Levels: Support – 0.6420 | Resistance – 0.6520
USDCAD Forecast – 30 July 2025
USDCAD is forming a consolidation zone around 1.3752. A breakout to the upside is expected, with price likely heading to 1.3790 and potentially 1.3850.
Technical Outlook:
The bullish wave structure remains intact, with a critical pivot at 1.3714. The pair recently broke above the Envelope midpoint and is now targeting the upper boundary.
📈 Short-Term Bias: Bullish
📌 Key Levels: Support – 1.3714 | Resistance – 1.3850
XAUUSD (Gold) Forecast – 30 July 2025
Gold is ranging near $3,343 after a dip to $3,302. A brief rebound toward $3,343 is likely before continuing lower toward $3,247.
Technical Outlook:
The Elliott Wave structure supports further downside, with $3,343 as the pivot. Price is pushing towards the lower edge of the Envelope at $3,295. A short-lived recovery could occur before resuming the decline.
📉 Short-Term Bias: Bearish
📌 Key Levels: Support – $3,247 | Resistance – $3,343
Brent Crude Oil Forecast – 30 July 2025
Brent has completed an upward wave to $72.13 and is currently consolidating. A breakout above this level could extend gains toward $72.50 and possibly $73.33.
Technical Outlook:
The bullish Elliott Wave structure identifies $69.60 as the pivotal level. Brent is consolidating near the mid-Envelope at $71.74. A dip to $70.80 is possible before the next leg higher.
📈 Short-Term Bias: Bullish
📌 Key Levels: Support – $70.80 | Resistance – $73.33
Disclaimer:
Past performance is not indicative of future results. This analysis is provided for informational purposes only and does not constitute investment advice. Always manage your risk appropriately when trading in financial markets.
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