Technical Analysis & Forecast January 15, 2024
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_13-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>Delves into the evolving 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/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/2024/01/EURUSDH1-4.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19814" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-4-1536×689.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 consolidation range around 1.0955. An anticipated upward movement to 1.0980 is expected today. If this level is breached, the potential for an ascent to 1.1010 becomes viable, marking a local 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/2024/01/GBPUSDH1-4.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19813" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD is navigating a consolidation range near 1.2727. A projected upward movement to 1.2784 is anticipated today. If this level is surpassed, the potential for an extension to 1.2812 arises, followed by a possible decline to 1.2690.</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/2024/01/USDJPYH1-4.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19812" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY is currently developing an upward wave targeting 145.35. Subsequently, a downward correction to 144.00 is anticipated. A breakout below this level could trigger a descent to 142.80, serving as a local target.</p>
<div>
<div>
<div>
<p>Short on time for full-fledged trading?</p>
<p>Register in the CopyFX copy trading system and start copying the trading strategies of top-ranking traders right now!</p>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_mobile" src="https://blog.roboforex.com/wp-content/uploads/2023/09/copyfx1-mobile.png" alt="partner-programme" /></div>
<a href="https://my.roboforex.com/en/register/copyfx/" target="_blank" rel="noopener">Start Investing</a>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_desktop" src="https://blog.roboforex.com/wp-content/uploads/2023/09/copyfx1-desktop.png" alt="partner-programme" /></div>
</div>
<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/2024/01/USDCHFH4-1.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19811" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH4-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH4-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH4-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH4-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF is engaged in a consolidation range around 0.8530, with expectations for an upward extension to 0.8577 today as the initial target. Following this, a correction to 0.8458 might commence.</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/2024/01/AUDUSDH1-4.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19810" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is navigating a consolidation range near 0.6682. A potential decline to 0.6640 might unfold today, constituting 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/2024/01/BRENTH4-4.png" alt="BRENT" class="wp-image-19809" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Having completed a corrective phase to 78.03, Brent is poised for a growth wave to 81.70 today. From there, the trend might extend to 82.82, representing a local target. Subsequently, a decline to 79.10 (a test from above) is anticipated, followed by a potential rise to 84.00.</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/2024/01/XAUUSDH4-4.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19808" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-4.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-4-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-4-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is continuing its upward wave to 2071.45. Upon reaching this level, a correction to 2050.00 is conceivable, followed by an anticipated rise to 2131.78.</p>
<h2>S&P 500</h2>
<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashH1-3.png" alt="S&P 500" class="wp-image-19807" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashH1-3.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashH1-3-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashH1-3-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashH1-3-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index is currently forming a consolidation range around 4770.0. Today, the price might dip to 4738.0, succeeded by an upward movement to 4770.0 (a test from below). Subsequently, quotes could decline to 4704.0, serving as a local target.</p>
<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/15/technical-analysis-forecast-january-15-2024/">Technical Analysis & Forecast January 15, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment