Technical Analysis & Forecast December 25, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_4-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The potential for <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> growth persists. Explore the insights into the dynamics of <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>, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and the S&P 500 index.</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/EURUSDH1-11.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19643" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has successfully completed a growth wave, reaching 1.1039. Today, an anticipated correction down to 1.0986 is expected. Following the correction, a new growth phase to 1.1080 might unfold, subsequently followed by a decline to 1.0940.</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/GBPUSDH1-11.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19644" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD concluded a growth wave at 1.2743, followed by a correction to 1.2691. Currently, a consolidation range may emerge around this level. In case of an upward breakout from this range, a new growth phase to 1.2770 cannot be ruled out. Conversely, a downward breakout may open the potential for a decline wave to 1.2633.</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/USDJPYH1-11.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19645" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has established a consolidation range above 141.88. An upward breakout could pave the way for a growth wave to 144.17, representing the initial target.</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/USDCHFH1-11.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19646" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF successfully completed a decline wave, reaching 0.8514. A subsequent growth impulse to 0.8560 followed. Today, a consolidation range might take shape around this level. An upward breakout from this range could lead to a correction to 0.8611, marking the initial 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/AUDUSDH1-11.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19647" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD wrapped up a growth wave at 0.6823. A correction down to 0.6781 is likely today. After the correction, a new wave to 0.6837 might unfold as a local target.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-5.png" alt="BRENT" class="wp-image-19648" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-5.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-5-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-5-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-5-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent is currently developing a consolidation range around 79.20. An upward breakout from this range could set the stage for a growth structure to 83.00, representing the first target. Following this achievement, a correction to 77.80 might ensue (a test from above).</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/XAUUSDH4-10.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19649" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-10.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-10-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-10-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-10-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is continuing its growth wave to 2079.80. After reaching this level, a correction to 2045.75 may transpire, followed by a rise 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/US500CashH1-11.png" alt="S&P 500" class="wp-image-19650" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has concluded a growth wave at 4775.5, followed by a correction to 4742.5. Today, a new growth structure to 4788.5 could manifest. Once this level is attained, a decline wave to 4696.0 might commence, representing the initial target.</p>
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