Technical Analysis & Forecast 09.11.2023
<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 declining impulse to 1.0658, correcting to 1.0714 today. An extension of the correction to 1.0725 is not excluded. Next, the declining wave could continue to 1.0630. With a downward breakout of this level, the potential for a wave to 1.0540 might open. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/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 performed a declining impulse to 1.2245, correcting to 1.2300 today. A new link of growth to 1.2333 might develop later. Next, a new wave of decline to 1.2222 is expected to begin. If this level breaks downwards, the potential for a wave to 1.2073 could open. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/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 151.04. Today the quotes could correct to 150.05. Next, a new wave of growth to 151.44 might begin, opening the potential for 152.15 once the 151.44 level breaks upwards.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/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 growth to 0.9030, and a link of decline to 0.8970 is expected today. Practically, a consolidation range is forming at these levels. With an escape from this range downwards, a decline to 0.8918 might follow. And with an escape upwards, the potential for a rising wave to 0.9133 might open.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/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 continues developing a wave of decline to 0.6383. Once this level is reached, a link of correction to 0.6450 is not excluded, followed by a decline to 0.6333. This is a local target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/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 has completed a declining wave to 79.11. Practically, the potential of the declining wave has expired. A consolidation range could form above the 79.11 level today. With an escape upwards, the potential for a wave of growth to 85.75 could open. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/BRENTH1.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 " /></p>
<p><strong>XAUUSD, “Gold vs US Dollar”</strong></p>
<p>Gold continues developing a consolidation range around 1961.55. With an escape downwards, the potential for a declining wave to 1920.00 might open. Next, a link of correction to 1960.00 is expected (with a test from below), followed by a decline to 1913.50. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/XAUUSDH4.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 has completed a declining impulse to 4362.2, correcting to 4390.0 today. Next, a wave of decline to 4330.3 is expected, from where the trend could continue to 4242.0. This is the first target.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/TA/november/09/US500CashH1.png" alt="S&P 500" /><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>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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