Technical Analysis & Forecast for June 27, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_11-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis &amp; Forecast" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> may extend correction – overview 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>, Brent, <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 decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-13.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-16385" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-13.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-13-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-13-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-13-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/" data-internallinksmanager029f6b8e52c="142" title="Currency Pair">currency pair</a> has established a consolidation range around 1.0890 and <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> the potential for another upward move towards 1.0951 upon breaking out of the range. However, after reaching this level, a new wave of decline towards 1.0840 could commence. If that level is breached as well, the pair may target 1.0750 as a local target for further downward movement.</p>

<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-12.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-16384" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-12.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-12-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-12-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-12-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The currency pair continues its correction towards 1.2751. Once this level is reached, a new wave of decline towards 1.2650 is anticipated. If a downward breakout occurs, the potential for further decline towards 1.2600 could come into play.</p>

<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-13.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-16386" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-13.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-13-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-13-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-13-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The currency pair is currently consolidating around 143.30. An upward breakout could lead to a rise towards 144.88, while a downward breakout might trigger a corrective move towards 141.66. Following the completion of the correction, a further rise towards 144.88 could be expected.</p>

<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-12.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-16382" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-12.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-12-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-12-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-12-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The currency pair has completed a declining wave, reaching 0.8911. A potential upward move towards 0.8977 could develop today. If this level is surpassed, further upside potential towards 0.9040 may be seen, with the <a title="&lt;div class=&quot;wpg-tooltip-content&quot;&gt;&lt;p&gt;A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.&lt;/p&gt;&lt;/div&gt;" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a> possibly extending to 0.9055.</p>

<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-12.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-16381" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-12.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-12-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-12-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-12-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The currency pair has broken above the level of 0.6696, indicating a potential correction towards 0.6727. Upon reaching this level, a decline towards 0.6696 could follow. However, a subsequent move towards 0.6733 cannot be ruled out.</p>

<h2>BRENT</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-4.png" alt="BRENT" class="wp-image-16380" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-4.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-4-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-4-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-4-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>Brent is currently forming an upward structure towards 76.00. After reaching this level, a potential decline towards 74.20 is possible. Subsequently, a rise towards 78.50 might occur, with the wave potentially continuing towards 80.00.</p>

<h2>XAU/USD (Gold vs US Dollar)</h2>

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-12.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-16379" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-12.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-12-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-12-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-12-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>Gold continues to consolidate within a range around 1924.94, which may extend towards 1936.86. Upon reaching this level, a new wave of decline towards 1905.55 could begin.</p>

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

<figure><img decoding="async" loading="lazy" width="1594" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH1.png" alt="S&amp;P 500" class="wp-image-16378" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH1.png 1594w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH1-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH1-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH1-1536×681.png 1536w" sizes="(max-width: 1594px) 100vw, 1594px" /></figure><p>The stock index is currently in a declining wave towards 4308.0. The market is currently forming a consolidation range around 4346.0. If an upward breakout occurs, a corrective move towards 4379.0 is possible. Conversely, a downward breakout could lead to a wave of decline towards 4308.0. Following this level, a correction towards 4379.0 might develop, with a potential decline towards the first target of 4296.0.</p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/06/27/technical-analysis-forecast-for-june-27-2023/">Technical Analysis & Forecast for June 27, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>