Technical Analysis & Forecast for December 19, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_24-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis &amp; Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> Anticipates an Upward Move. The analysis also encompasses the movements 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&amp;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/EURUSDH1-7.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19573" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/EURUSDH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD continues its consolidation around 1.0919. A breakout upward might signal a growth wave to 1.0945, with the potential for an extension to 1.1050. Conversely, an escape downward could trigger a correction to 1.0882, followed by a rise to 1.0960.</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/GBPUSDH1-7.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19574" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/GBPUSDH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD completed a corrective wave at 1.2627. A rise to 1.2700 is expected, followed by a potential decline to 1.2666. After reaching this level, a growth structure to 1.2707 might initiate. A wide consolidation range is forming around this level, with a downward breakout potentially leading to a decline wave to 1.2500, while an upward breakout might spur a growth wave to 1.2790.</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/USDJPYH1-7.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19575" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDJPYH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY concluded a growth wave at 143.73. Today, a decline to 141.90 might follow. If this level is breached, the wave could continue to 140.33, marking the first 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/USDCHFH1-7.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19576" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/USDCHFH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF completed a decline wave to 0.8666. A consolidation range is forming around this level. A downward breakout might extend the decline wave to 0.8626, followed by an expected rise to 0.8722 as 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/AUDUSDH1-7.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19577" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/AUDUSDH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is within a consolidation range under 0.6700. An exit downward could prompt a correction to 0.6633, followed by an expected rise to 0.6740. After reaching this level, the quotes might initiate a decline wave to 0.6525.</p>

<h2>BRENT</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-3.png" alt="BRENT" class="wp-image-19578" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-3.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-3-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-3-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/BRENTH4-3-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent completed a growth impulse to 79.45. A correction to 75.80 might follow (a test from above), with the next potential move being a growth wave to 86.10, representing 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/XAUUSDH4-6.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19579" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-6.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-6-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-6-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/XAUUSDH4-6-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is forming a decline structure to 2010.00. A breakout below this level might open the potential for a decline wave to 1950.00. Following this, a correction to 2047.00 is expected (a test from below), followed by a decline to 1855.00.</p>

<h2>S&amp;P 500</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-7.png" alt="S&amp;P 500" class="wp-image-19580" srcset="https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-7.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-7-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-7-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/12/US500CashH1-7-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&amp;P 500</figcaption></figure><p>The stock index reached a local target with a growth wave at 4752.0. A decline wave to 4656.0 might initiate today. After the correction, a rise to 4767.0 could materialize.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/19/technical-analysis-forecast-for-december-19-2023/">Technical Analysis &amp; Forecast for December 19, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>