Technical Analysis & Forecast December 27, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_6-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> May Initiate a Decline Wave. Discover insights into the dynamics of <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>, <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdchf/" data-internallinksmanager029f6b8e52c="39" title="USD/CHF">CHF</a>, <a href="https://roboforex.com/beginners/info/charts/energies/brent/" data-internallinksmanager029f6b8e52c="312" title="Brent">Brent</a>, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and the S&P 500 index in the overview.</p>
<h2>EUR/USD (Euro vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-13.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19679" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD concluded a growth phase reaching 1.1044. A potential correction to 1.1025 might unfold today, followed by an extension of the growth wave to 1.1056. After reaching this level, a correction to 1.0993 could commence, succeeded by an upward move to 1.1088.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-13.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19680" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD is shaping a consolidation range around 1.2720. A plausible upward movement to 1.2747 is on the horizon. Once attained, a correction to 1.2720 is anticipated, followed by a subsequent ascent to 1.2765.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-13.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19685" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY is navigating a consolidation range around 142.50, lacking a distinct trend. A breakout upwards could trigger a correction to 143.43. Conversely, a downward breakout presents the potential for a decline to 140.00, marking a local target.</p>
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<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-13.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19681" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has concluded a decline wave at 0.8537, fostering a consolidation range around this level. A potential downward breakout could lead to a decline to 0.8508. Upon reaching this level, a new upward wave to 0.8647 might commence, possibly extending to 0.8784.</p>
<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-13.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19682" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD completed a growth wave to 0.6840. A decline phase to 0.6800 might initiate today. A breakout at this level could lead to a decline wave to 0.6733, marking the initial target.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-7.png" alt="BRENT" class="wp-image-19683" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent has surpassed the 80.55 level, completing a growth structure to 81.56. A possible correction to 80.55 (a test from above) is anticipated, followed by a rise to 83.00. This marks the initial target.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-12.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19684" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is continuing a growth wave to 2079.80. After reaching this level, a correction to 2045.76 could transpire (a test from above). Subsequently, a growth phase to 2118.00 is projected.</p>
<h2>S&P 500</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-13.png" alt="S&P 500" class="wp-image-19686" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has wrapped up a growth wave at 4790.0. A consolidation range beneath this level is expected. A downward breakout could initiate a new decline wave to 4742.5, signifying the initial target.</p>
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