Technical Analysis & Forecast December 26, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_5-360×360.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> May Extend Corrective Wave. The overview also details 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/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 decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-12.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19669" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD is in the midst of a growth wave targeting 1.1040. Upon reaching this level, a corrective phase to 1.0986 might unfold (a test from above). Following this, an ascent to 1.1055 is anticipated, potentially followed by a new decline wave to 1.0888.</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/GBPUSDH1-12.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19670" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD may continue its correction to 1.2683. After the correction, the price could ascend to 1.2764. Subsequently, a decline wave to 1.2613 might commence, extending the trend to 1.2600.</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/USDJPYH1-12.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19671" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY is within a consolidation range around 142.20. An upward escape might trigger a correction to 144.18, while a downward escape opens the potential for a decline to 140.00. This is considered a local 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/USDCHFH1-12.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19676" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF is still correcting towards 0.8544. Next, the instrument could rise to 0.8602, signaling a potential continuation to 0.8633. This marks 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/AUDUSDH1-12.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19672" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is undergoing a correction to 0.6782. Following the correction, a new growth structure to 0.6840 may commence, succeeded by a decline wave to 0.6733.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-6.png" alt="BRENT" class="wp-image-19673" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-6.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-6-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-6-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-6-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent is engaged in a consolidation phase around 79.20. An upward breakout could lead to a growth phase towards 83.00, the first target. Upon reaching this level, a corrective link to 77.80 might initiate (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/XAUUSDH4-11.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19674" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-11-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-11-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is advancing in a growth wave to 2079.80. After reaching this level, a correction to 2045.75 might follow (a test from above). Subsequently, a growth structure to 2118.00 is anticipated.</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/US500CashH1-12.png" alt="S&P 500" class="wp-image-19675" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-12.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-12-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-12-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-12-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index might undergo an extension of a correction to 4732.0. Following this, a rise to 4788.0 is anticipated. Once this level is reached, a new decline wave to 4696.0 could begin, constituting the first target.</p>
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