Technical Analysis & Forecast December 21, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_2-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The S&P 500 index initiates a descent. Additionally, delve into the overview covering 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/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, <a href="https://roboforex.com/beginners/info/charts/energies/brent/" data-internallinksmanager029f6b8e52c="312" title="Brent">Brent</a>, and <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>.</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/EURUSDH1-9.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19612" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD concluded a corrective phase at 1.0929. Anticipate the establishment of a consolidation range above this level today. A breakout to the upside may signal a growth phase to 1.0972, extending the wave to 1.1012. Conversely, a downward escape could lead to a decline to 1.0888.</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/GBPUSDH1-9.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19613" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD completed a decline wave reaching 1.2625. Foresee the formation of a consolidation range above this level today. An upward breakout could pave the way for a growth structure to 1.2708. Conversely, a downward escape may open the potential for a decline wave to 1.2500.</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/USDJPYH1-9.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19619" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY established a consolidation range around 143.66. A downward escape might prolong the correction to 142.39. Upon reaching this level, a growth wave to 144.10 could commence, potentially continuing to 145.77.</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/USDCHFH1-9.png" alt="" class="wp-image-19614" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF corrected to 0.6650. A decline to 0.8590 could manifest today. After reaching this level, a growth phase to 0.8705 might initiate, constituting the first target.</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/AUDUSDH1-9.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19615" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD corrected to 0.6730, with a consolidation range forming around this level today, potentially extending to 0.6713. Subsequently, a growth structure to 0.6800 could unfold, followed by a decline to 0.6660.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-5.png" alt="BRENT" class="wp-image-19616" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-5.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-5-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-5-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-5-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent completed a growth wave to 83.00. Today, a correction to 77.66 might ensue, followed by a growth wave to 83.83. From this point, the trend could progress to 90.10. This is considered a local 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/XAUUSDH4-8.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19617" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-8.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-8-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-8-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-8-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold continues within a consolidation range below 2045.75. A downward escape could lead to a decline to 1990.00. Conversely, an upward breakout may open the potential for a growth wave to 2075.11, potentially extending the trend to 2118.00.</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/US500CashH1-9.png" alt="S&P 500" class="wp-image-19618" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index achieved the target of a growth wave at 4782.0. Today, a decline impulse formed to 4696.0, with a consolidation range above this level. An upward breakout might indicate a correction to 4739.0 (a test from below), followed by a decline to 4695.0. If this level is breached, the potential for a decline wave to 4655.5 could unfold. This marks a local target.</p>
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