Technical Analysis & Forecast November 29, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_15-360×360.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/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> Prepares for Correction: A Comprehensive Look at <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>, Brent, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and S&amp;P 500</p>

<h2>EUR/USD (Euro vs US Dollar)</h2>

<figure><img decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-18.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19287" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-18.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-18-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-18-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/EURUSDH1-18-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has established a consolidation range around 1.0944. A breakout to the upside indicates a growth structure forming to 1.1020. Following this, a correction to 1.0944 (a test from above) is anticipated, followed by a climb to 1.1033. It's crucial to note that any upward movement is viewed as a potential extension of the growth structure, with the possibility of a sudden reversal in trend.</p>

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

<figure><img decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-19.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19288" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/GBPUSDH1-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD formed a narrow consolidation range around 1.2608. Breaking above, it surged to 1.2732. A corrective link to 1.2680 (a test from above) may occur today. After the correction, the price might ascend to 1.2764. Subsequently, a decline wave to 1.2600 could commence, representing 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/USDJPYH1-19.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19289" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDJPYH1-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY corrected to 146.73. A consolidation range is expected to form at the current lows today. With an upward breakout, a growth wave to 148.20 could initiate, 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="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-13.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19290" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-13.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-13-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-13-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/USDCHFH1-13-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF established a consolidation range around 0.8813. Breaking below, it concluded a decline wave, reaching 0.8757. Today, a decline link to 0.8753 is plausible, followed by an upward movement to 0.8830, marking the first 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/AUDUSDH1-19.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19291" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/AUDUSDH1-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD formed a consolidation range around 0.6608. Breaking upward, it completed a wave, reaching 0.6673. A corrective link to 0.6611 might follow today, after which the price could rise to 0.6695.</p>

<h2>BRENT</h2>

<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4.png" alt="BRENT" class="wp-image-19292" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/BRENTH4-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>BRENT</figcaption></figure><p>Brent found support at 79.79 and completed a growth impulse to 82.00. Today, it might consolidate below this level. An upward breakout opens the potential for growth to 83.80, with the trend continuing to 88.20, representing 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/XAUUSDH4-19.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19293" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/XAUUSDH4-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold formed a consolidation range around 2011.55. Breaking upward, it climbed to 2051.88. A corrective link to 2011.55 is expected today, followed by a potential rise to 2033.00.</p>

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

<figure><img loading="lazy" decoding="async" width="1567" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-19.png" alt="S&amp;P 500" class="wp-image-19294" srcset="https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-19.png 1567w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-19-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-19-768×346.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/11/US500CashH1-19-1536×691.png 1536w" sizes="(max-width: 1567px) 100vw, 1567px" /><figcaption>S&amp;P 500</figcaption></figure><p>The stock index completed a growth link to 4570.0 and corrected to 4545.0. A growth link to 4572.0 could form today, followed by a downward movement to 4530.0, marking the first target.</p>

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