Technical Analysis & Forecast December 22, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_3-360×360.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/energies/brent/" data-internallinksmanager029f6b8e52c="312" title="Brent">Brent</a> Sustains Growth, Plus 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/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 decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-10.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19631" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD concluded a growth phase at 1.1011. Today, an expected consolidation range around 1.1000 might form, with a potential extension to 1.1015. Following this, a decline to 1.0972 could emerge (a test from below), succeeded by a rise to 1.1054. At this level, the growth wave's potential may be exhausted.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-10.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19632" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD is currently shaping a consolidation range near 1.2675. There is a possibility of extension to 1.2707 today, followed by a decline to 1.2675. Upon reaching this level, a rise to 1.2735 might unfold.</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/USDJPYH1-10.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19633" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has corrected to 141.86. Anticipate a growth link to 143.80 today. If this level breaks upwards, the potential for a wave to 145.75 could emerge.</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/USDCHFH1-10.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19634" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USDHCF is in the process of a decline wave to 0.8555. After reaching this level, a potential rise to 0.8595 might happen, followed by a decline to 0.8543. Subsequently, a rise to 0.8700 is expected.</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/AUDUSDH1-10.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19635" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD completed a growth wave to 0.6800. Today, the pair might correct to 0.6765. After this correction, a new growth wave to 0.6805 could develop.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-4.png" alt="BRENT" class="wp-image-19636" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent broke the 79.33 level upwards and continues the growth wave to 80.45. Next, a potential correction to 79.20 (a test from above) might occur, followed by a growth link to 83.00. This is the initial 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/XAUUSDH4-9.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19637" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-9.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-9-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-9-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-9-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is in the process of developing a consolidation range around 2045.75. With a downward escape, there is a possibility of a decline link to 1990.00. Conversely, with an upward escape, the potential for a growth link to 2076.80 could open, from where the trend might extend 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/US500CashH1-10.png" alt="S&P 500" class="wp-image-19638" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index is establishing a consolidation range around 4736.6. An upward escape could lead to an extension of the correction to 4763.6. Conversely, a downward escape might continue the decline to 4700.0, from where the trend could extend to 4610.0.</p>
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