Technical Analysis & Forecast October 13, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_7-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> Witnesses Extended Bearish Trends: Overview Covering <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>, Brent, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and the S&P 500 index.</p>
<h2>EUR/USD (Euro vs US Dollar)</h2>
<figure><img decoding="async" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/EURUSDH1-8.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-18484" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/EURUSDH1-8.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/EURUSDH1-8-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/EURUSDH1-8-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/EURUSDH1-8-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD recently wrapped up an upswing, hitting 1.0638. Presently, the market is consolidating beneath this mark and seems to be moving towards a downward trajectory to 1.0470. Should the price indeed hit this level, an upward bounce to 1.0550 is plausible (following a test from below), ultimately followed by a dip to 1.0424.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/GBPUSDH1-9.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-18485" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/GBPUSDH1-9.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/GBPUSDH1-9-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/GBPUSDH1-9-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/GBPUSDH1-9-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD completed an upward wave to 1.2337. As of now, the market has established a consolidation zone below this point. A downward breakout from this range led to a decline to 1.2171. Considering a correction bounce to 1.2222 (following a test from below), a further decline to 1.2121 is anticipated. This stands as a local target.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/USDJPYH1-9.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-18486" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/USDJPYH1-9.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDJPYH1-9-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDJPYH1-9-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDJPYH1-9-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY achieved an upward wave peak at 149.81. An anticipated dip to 149.00 is on the horizon (with a test from above). Following this, an upswing to 150.75 is likely.</p>
<div>
<div>
<div>
<p>Copy Top traders now!</p>
<p>Join CopyFX, select traders from the top rankings, and start copying their strategies today!</p>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_mobile" src="https://blog.roboforex.com/wp-content/uploads/2023/09/copyfx-mobile.png" alt="partner-programme" /></div>
<a href="https://my.roboforex.com/en/register/copyfx/" target="_blank" rel="noopener">Start Investing</a>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_desktop" src="https://blog.roboforex.com/wp-content/uploads/2023/09/copyfx-desktop.png" alt="partner-programme" /></div>
</div>
<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/USDCHFH1-9.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-18487" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/USDCHFH1-9.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDCHFH1-9-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDCHFH1-9-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/USDCHFH1-9-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF successfully wrapped up a decline wave to 0.8989. The market has since established a consolidation range above this threshold, gearing up for an upward surge to 0.9122 by breaking out of this range upwards. This marks the initial target.</p>
<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/AUDUSDH1-9.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-18488" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/AUDUSDH1-9.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/AUDUSDH1-9-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/AUDUSDH1-9-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/AUDUSDH1-9-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD has completed an upward phase reaching 0.6444. Presently, the market shows signs of a concluded growth wave. A consolidation range is now apparent below 0.6444. A downward breakout from this level leads to a plummet to 0.6262, marking a local target.</p>
<h2>BRENT</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/BRENTH4-6.png" alt="BRENT" class="wp-image-18489" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/BRENTH4-6.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/BRENTH4-6-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/BRENTH4-6-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/BRENTH4-6-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>BRENT</figcaption></figure><p>Brent is in the process of forming a consolidation range near 86.00. An initial downward plunge to 84.00 is plausible, eventually followed by a rise to 89.00. This marks the primary target.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/XAUUSDH1-9.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-18491" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/XAUUSDH1-9.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/XAUUSDH1-9-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/XAUUSDH1-9-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/XAUUSDH1-9-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold concluded an upward wave at 1884.80. Today, the market experienced a downward surge to 1867.00 and an upswing to 1876.55. Currently, a consolidation range is noticeable, which might break downwards to 1847.77. This marks the preliminary target.</p>
<h2>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/10/US500CashH1-7.png" alt="S&P 500" class="wp-image-18490" srcset="https://blog.roboforex.com/wp-content/uploads/2023/10/US500CashH1-7.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/10/US500CashH1-7-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/10/US500CashH1-7-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/10/US500CashH1-7-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>S&P 500</figcaption></figure><p>The stock index is showing signs of a downward surge to 4310.0. Following this, there might be an upswing to 4355.0 (with a test from below). Eventually, a fresh wave of decline to 4200.0 might ensue. This stands as a local target.</p>
<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/10/13/technical-analysis-forecast-october-13-2023/">Technical Analysis & Forecast October 13, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment