Technical Analysis & Forecast September 18, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_12-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> Showing Potential for a Growth Wave. This overview also encompasses the dynamics 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&P 500 index.</p>
<h2>EUR/USD (Euro vs US Dollar)</h2>
<figure><img decoding="async" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-11.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-17984" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has concluded a downward wave at 1.0631. It has recently initiated an upward movement, reaching 1.0686. Today, a slight dip to 1.0648 is anticipated, establishing a consolidation range around this level. The range might extend to 1.0700. Subsequently, the price may drop to 1.0608 before surging impulsively towards 1.0760. This marks the initial target.</p>
<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-11.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-17985" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD has finalized a downward wave, reaching 1.2379. The market is presently forming a consolidation range above this level, with an expected upward link to 1.2404. Another consolidation range could form at this level, possibly extending downwards to 1.2365. Following this, a surge in price to 1.2444 might ensue, signifying the primary target.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-11.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-17986" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has accomplished an upward wave to 147.94. The next move entails a decline to 147.51, succeeded by an upward link to 147.99. Afterward, a decline to 146.95 might occur, constituting the primary target.</p>
<p><em>Want to copy the trades of successful traders? Join <a href="https://roboforex.com/investments/investment-platforms/copyfx-service/" data-internallinksmanager029f6b8e52c="50" title="CopyFX">CopyFX</a>, select traders from the top ranking, and start copying their trades today!</em></p>
<a href="https://my.roboforex.com/en/register/" target="_blank" rel="noopener"><img decoding="async" src="https://blog.roboforex.com/wp-content/themes/robo-blog-2021/images/banners/internal/rf-en__copyfx__768x68.jpg" alt="Invest in financial markets. Copy top traders’ strategies in CopyFX system" width="100%" height="auto" /></a>
<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-11.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-17987" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has concluded an upward wave, reaching 0.8976. Presently, the market is consolidating below this level, anticipating a downward link to 0.8947, followed by an upward link to 0.8980. Upon achieving this level, the price might trigger a decline to 0.8888, representing the first target.</p>
<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-11.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-17988" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD has finalized an upward link to 0.6472. Today, a wave of decline to 0.6420 is projected. Subsequently, a correction link to 0.6446 and a decline to 0.6393 are expected. The latter serves as a local target.</p>
<h2>BRENT</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4.png" alt="BRENT" class="wp-image-17989" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>BRENT</figcaption></figure><p>Brent has completed a corrective wave, reaching 92.15, and is anticipated to extend to 96.30 today. After hitting this level, the price could form a corrective dip to 94.15, followed by a rise to 97.15. This stands as a local target.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-11.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-17990" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold has established a consolidation range around 1917.15 and might break upwards, extending the correction to 1933.00. Following this, a surge towards 1901.33 is expected, signifying a local target.</p>
<h2>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-11.png" alt="S&P 500" class="wp-image-17991" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-11.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-11-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-11-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-11-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has experienced a downward impulse to 4449.0. Today, the market is consolidating above this level. An anticipated downward breakout to 4416.5 might occur. Upon reaching this level, the price could initiate a corrective link to 4468.4 (with a test from below). Next, a decline to 4389.0 is projected, serving as a local target.</p>
<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/09/18/technical-analysis-forecast-september-18-2023/">Technical Analysis & Forecast September 18, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment