Technical Analysis & Forecast September 25, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_17-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The yen is showing a consistent upward <a title="<div class="wpg-tooltip-content"><p>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.</p></div>" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a>. In addition, this overview includes an analysis 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/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><a></a>EUR/USD (Euro vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-16.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-18096" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD is currently consolidating within the range of 1.0646, with a potential expansion to 1.0677 today. A decline to 1.0606 is anticipated in the near term, followed by a subsequent upward movement to 1.0760.</p>
<h2><a></a>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-16.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-18097" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD is undergoing consolidation around 1.2264. A potential decline to 1.2222 may occur today, with a subsequent upward movement targeting 1.2323. This represents the initial target.</p>
<h2><a></a>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-16.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-18098" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption><a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has established a consolidation range around 148.16. Today, the market is showing signs of an upward trend towards 148.48. If this level is breached, it may pave the way for further growth to 149.01, with the possibility of extending the trend to 149.42.</p>
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<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-16.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-18099" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF is in a consolidation phase around 0.9050. The price could potentially rise to 0.9082 today, and breaking above this level might trigger further growth towards 0.9130. This represents the initial target.</p>
<h2><a></a>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-16.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-18100" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD has undergone a correction to 0.6464. The market is expected to continue its downward movement to 0.6393 today. A break below this level could lead to a decline to 0.6333, representing a local target. Following this, a correction to 0.6393 may ensue, followed by another decline to 0.6277.</p>
<h2><a></a>Brent</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-5.png" alt="Brent" class="wp-image-18101" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-5.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-5-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-5-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-5-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>Brent</figcaption></figure><p>Brent is in a consolidation phase above 91.41. The price is likely to break upwards and continue its ascent to 96.06, with the potential for the trend to extend to 97.07. This represents a local target. Following this, a correction to 89.40 might commence, followed by a subsequent rise to 103.75.</p>
<h2><a></a>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-16.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-18102" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold has completed a growth wave, reaching 1929.00, followed by a decline to 1922.00. A consolidation range has practically formed around 1922.00, which may expand to 1930.00 today. Subsequently, a decline to 1912.50 is anticipated. A break below this level could initiate a movement to 1901.00, from where the trend might continue to 1894.77.</p>
<h2><a></a>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-16.png" alt="S&P 500" class="wp-image-18103" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-16.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-16-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-16-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-16-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has completed a decline wave, reaching 4316.1. Today, a consolidation range may form above this level. If there's an upward breakout, a corrective link to 4387.2 (a bottom test) could develop, followed by a decline to 4215.5, representing a local target. After hitting this level, a corrective link to 4290.0 might form, followed by another decline to 4158.5. This marks the initial target.</p>
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