Technical Analysis & Forecast November 30, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_16-360×360.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/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> Consolidates at Decline Lows: Overview 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/usdchf/" data-internallinksmanager029f6b8e52c="39" title="USD/CHF">CHF</a>, <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, Brent, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and S&P 500</p>
<h2>EUR/USD (Euro vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-19.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19308" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD is shaping a corrective structure to 1.0943. Following the correction, a new growth pattern to 1.1030 might unfold. Subsequently, a decline wave to 1.0850 could initiate. This is the initial target.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-20.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19309" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-20.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-20-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-20-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-20-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD has concluded a decline phase at 1.2664 and ascended to 1.2726. The pair might dip to 1.2620 today. Post this level, an upswing to 1.2780 could follow. Then, a descent to 1.2615 might commence, potentially continuing the trend to 1.2450. This is the primary target.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-20.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19310" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-20.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-20-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-20-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-20-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has concluded an upward structure at 147.89. A downward structure to 146.66 is taking shape today. Practically, a consolidation range is emerging at the lows of this descent wave. If an upward breakout occurs, a correction to 149.30 might begin.</p>
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<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH4-6.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19311" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH4-6.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH4-6-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH4-6-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH4-6-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has achieved the target of the decline wave extension at 0.8722. A rise to 0.8815 could transpire today. This is the initial target. Post reaching this level, a corrective phase to 0.8755 is not excluded.</p>
<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-20.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19312" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-20.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-20-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-20-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-20-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD has completed a decline wave to 0.6605 and a correction to 0.6647. Essentially, a consolidation range has materialized. With a downward breakout, the decline wave might persist to 0.6522. An upward breakout could lead to a growth phase to 0.6697. Next, a descent to 0.6522 is anticipated.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1.png" alt="BRENT" class="wp-image-19313" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>BRENT</figcaption></figure><p>Brent extends a growth wave to 83.33. Subsequently, a consolidation range might materialize around this level. An upward breakout from this range could open the potential for a wave to 88.23. This is a local target.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-20.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19314" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-20.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-20-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-20-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-20-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold has completed a decline impulse to 2035.20 and a correction to 2049.50. A decline to 2018.38 seems plausible today. This is the initial target. Post reaching this level, a correction to 2030.00 is expected.</p>
<h2>S&P 500</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-20.png" alt="S&P 500" class="wp-image-19315" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-20.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-20-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-20-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-20-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has completed a decline phase at 4566.0. Presently, a consolidation range has formed around this level. The impulse might persist to 4542.2. This is the initial target. After reaching this level, a correction to 4566.0 is not excluded (a test from below). Subsequently, a new decline wave to 4518.0 might commence. This is a local target.</p>
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