Technical Analysis & Forecast 13.10.2023
<p><strong>By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>EURUSD, “Euro vs US Dollar”</strong></p>
<p>EURUSD has completed a wave of growth to 1.0638. The market has formed a consolidation range under this level and, escaping it downwards, continues developing the declining wave to 1.0470. After the price hits this level, a link of growth to 1.0550 is not excluded (with a test from below), followed by a decline to 1.0424.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/EURUSDH1.png" alt="EURUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>GBPUSD, “Great Britain Pound vs US Dollar”</strong></p>
<p>GBPUSD has completed a wave of growth to 1.2337. By now, the market has formed a consolidation range under this level. Breaking the range downwards, the market completed a declining wave to 1.2171. A link of correction to 1.2222 is not excluded (with a test from below), followed by a decline to 1.2121. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/GBPUSDH1.png" alt="GBPUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>USDJPY, “US Dollar vs Japanese Yen”</strong></p>
<p>USDJPY has completed a wave of growth to 149.81. A link of decline to 149.00 is expected (with a test from above). Next, a link of growth to 150.75 might follow.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/USDJPYH1.png" alt="USDJPY" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>USDCHF, “US Dollar vs Swiss Franc”</strong></p>
<p>USDCHF has completed a wave of decline to 0.8989. By now, the market has formed a consolidation range above this level and is forming a growing impulse to 0.9122, escaping the range upwards. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/USDCHFH1.png" alt="USDCHF" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>AUDUSD, “Australian Dollar vs US Dollar”</strong></p>
<p>AUDUSD has completed a rising link to 0.6444. Practically, the market demonstrates the wave of growth as complete. By now, a consolidation range has formed under 0.6444 and, escaping it downwards, the market develops an impulse of decline to 0.6262. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/AUDUSDH1.png" alt="AUDUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>BRENT</strong></p>
<p>Brent continues forming a consolidation range around 86.00. A link of decline to 84.00 is not excluded, followed by a rising link to 89.00. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/BRENTH4.png" alt="BRENT" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>XAUUSD, “Gold vs US Dollar”</strong></p>
<p>Gold has completed a wave of growth to 1884.80. Today the market has performed a declining impulse to 1867.00 and a rising link to 1876.55. Practically, a consolidation range has formed which the price might later break downwards to 1847.77. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/XAUUSDH1.png" alt="GOLD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>S&P 500</strong></p>
<p>The stock index is forming a declining impulse to 4310.0. Next, the quotes might rise to 4355.0 (with a test from below). Next, a new wave of decline to 4200.0 might begin. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/october/13/US500CashH1.png" alt="S&P 500" /></p>
<p><strong>Article By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>Attention!</strong><br />
Forecasts presented in this section only reflect the author s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.</p>
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