Technical Analysis & Forecast December 28, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_7-360×360.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> initiates an upward trajectory. The overview also encompasses 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/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/EURUSDH1-14.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19694" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has concluded an upward surge, reaching 1.1111. A consolidation phase is taking shape at this level. An anticipated downside breakout from the range may lead to a dip to 1.1020. Conversely, an upward breakout could signal an upswing to 1.1155. Subsequently, the pair might trend downwards to 1.0888, constituting the initial target.</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/GBPUSDH1-14.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19695" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD has finalized an ascendant phase, reaching 1.2800. An envisaged consolidation phase around this level is expected today. A potential downward breakout to 1.2715 is anticipated, paving the way for a continuation of the trend to 1.2612, marking the primary target.</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/USDJPYH1-14.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19696" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY is ongoing in a descending wave to 140.70. Following this, an anticipated ascent to 141.66 is expected (a trial from below), succeeded by a downturn to 140.45. Subsequently, an ascent to 144.00 could manifest.</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/USDCHFH1-14.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19697" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has accomplished a downward trend to 0.8400. A consolidation range is currently manifesting around this level. A potential downward breakout from this range may expose the likelihood of a downturn to 0.8380. After reaching this level, a resurgence to 0.8480 might unfold, with a subsequent extension to 0.8570, constituting the principal 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/AUDUSDH1-14.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19698" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is in the process of forming a downward wave to 0.6824, followed by a rebound to 0.6844 and a descent to 0.6780. This constitutes the preliminary target. After reaching this level, a correction to 0.6825 is expected (a trial from below).</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-8.png" alt="BRENT" class="wp-image-19699" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-8.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-8-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-8-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH1-8-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent has successfully concluded a corrective wave to 79.33. A consolidation range is shaping above this level. A potential extension of the range to 79.20 is plausible. Following this, an ascent to 81.60 may follow, indicating a prospective trend continuation to 83.00. This stands as the primary 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/XAUUSDH4-13.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19700" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-13.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-13-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-13-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold persists in developing an upward surge to 2089.00. Once this level is attained, a correction to 2052.75 may follow (a trial from above). Subsequently, an uptrend 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/US500CashH1-14.png" alt="S&P 500" class="wp-image-19701" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-14.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-14-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-14-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-14-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index is continually evolving a consolidation range around 4800.0. The possibility of extending the range to 4805.0 is not discounted. Following this, a downturn wave to 4772.0 may materialize. In the event of a downward breakout, the potential for a descent to 4696.0 might materialize, constituting the principal target.</p>
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