Technical Analysis & Forecast November 27, 2023
<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>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> is experiencing a decline. Explore the dynamics of other currencies such as <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>, along with Brent, <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="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-16.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19245" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-16.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-16-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-16-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD is currently within a broad consolidation range around 1.0907. Today, the pair might reach the level of 1.0962. A subsequent decline wave to 1.0907 is anticipated, and from there, the trend could extend to 1.0840. This represents the initial target.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-17.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19246" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD is in the midst of a wide consolidation range around 1.2525. Recently, the pair extended this range to 1.2614. There is a possibility of the price dropping to 1.2525 today. If this level is breached, the potential for a downward wave to 1.2455 might emerge. This is the first target.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-17.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19247" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY is shaping a consolidation range around 149.30. In the event of a breakout downwards, the correction could persist to 148.56. Following this, an ascent to 149.90 is expected. A breakout upwards from this level could signify the potential for an upward wave to 151.15. This represents a local target.</p>
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<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-11.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19248" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-11.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-11-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-11-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-11-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF is continuing to form a consolidation range around 0.8841. Recently, the market extended the range to 0.8808. Today, a consolidation range has formed above this level. An upward breakout and the development of a wave to 0.8875 are anticipated. This is the initial target.</p>
<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-17.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19249" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is shaping a consolidation range around 0.6567, recently extending to 0.6590. The market is forming a decline structure to 0.6567 today. A breakout below this level could indicate the potential for a decline wave to 0.6540, continuing the trend to 0.6500. This represents the first target.</p>
<h2>BRENT</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH1-17.png" alt="BRENT" class="wp-image-19250" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH1-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH1-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH1-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>BRENT</figcaption></figure><p>Brent is currently developing a consolidation range around 80.47. A decline to 78.18 is possible today. Following this, a growth movement to 83.33 might follow. A breakout upwards from this level could suggest the potential for an upward wave to 86.25, continuing the trend to 88.45. This is a local target.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-17.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19251" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is continuing to form a wide consolidation range around 1972.22, recently extending upwards to 2015.88. Today, a decline structure to 1972.22 is expected. A breakout below this level might open the potential for a wave to 1928.77. This is the initial target.</p>
<h2>S&P 500</h2>
<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-17.png" alt="S&P 500" class="wp-image-19252" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-17.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-17-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-17-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>S&P 500</figcaption></figure><p>The stock index is continuing to develop a consolidation range around 4530.0, recently extending to 4564.0. A decline to 4530.0 is anticipated today. A breakout below this level could suggest the potential for a decline wave to 4500.0, continuing the trend to 4487.7. This is the first target.</p>
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