Technical Analysis & Forecast September 26, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_18-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The Australian Dollar (<a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>) Continues its Downward <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>: The overview also encompasses the performance 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>, 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/EURUSDH1-17.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-18153" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-17-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-17-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH1-17-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has concluded a decline wave, reaching 1.0575. Today, a consolidation range may take shape above this level. A potential rise to 1.0616 (a test from below) cannot be ruled out, followed by a decline to 1.0556, potentially extending to 1.0550. This marks the initial target.</p>
<h2><a></a>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-17.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-18154" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-17-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-17-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-17-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD has concluded a decline wave, reaching 1.2194. Today, a consolidation range is expected to form above this level. If an upward breakout occurs, a corrective link to 1.2248 (a test from below) could manifest, followed by a decline to 1.2150. From there, the trend might continue to 1.2000.</p>
<h2><a></a>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-17.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-18155" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-17-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-17-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-17-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has completed a growth wave, reaching 148.95. Today, an expansion in the growth structure to 149.05 is anticipated. Following this, a consolidation range might develop below this level. A downward breakout could lead to a corrective link to 148.14. Conversely, an upward breakout could steer the trend towards 149.94. This represents a local target.</p>
<div>
<div>
<div>
<p><span>1,000,000 USD</span> RoboForex partner promotion!</p>
<p>Learn more about the participation conditions and join the cash prize draws</p>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_mobile" src="https://blog.roboforex.com/wp-content/uploads/2023/09/r-mobile.png" alt="partner-promotion" /></div>
<a href="https://roboforex.com/clients/promotions/partners-promo-2023/" target="_blank" rel="noopener">Join and Win</a>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_desktop" src="https://blog.roboforex.com/wp-content/uploads/2023/09/r-desktop.png" alt="partner-promotion" /></div>
</div>
<h2><a></a>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-17.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-18156" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-17-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-17-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-17-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has concluded a growth wave, reaching 0.9133. Today, a consolidation range is anticipated below this level. A downward breakout may result in a corrective link to 0.9088. Conversely, an upward breakout might pave the way for the trend to extend to 0.9184.</p>
<h2><a></a>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-18161" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is maintaining its downward trajectory towards 0.6393. After reaching this level, a corrective link to 0.6428 may emerge, followed by a decline to 0.6322. The trend could potentially develop to 0.6276.</p>
<h2><a></a>Brent</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-6.png" alt="Brent" class="wp-image-18157" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-6.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-6-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-6-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-6-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>Brent</figcaption></figure><p>Brent is currently in a consolidation phase around 91.91. A correction might persist, targeting 89.40 today. Once this phase concludes, an upward movement to 97.07 is expected. This is considered a local target.</p>
<h2><a></a>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-17.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-18158" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-17-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-17-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH1-17-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is in the process of a decline wave, heading towards 1911.11. After reaching this level, a potential rise to 1919.60 (a test from below) may ensue. Subsequently, a decline to 1909.00 could transpire, setting the stage for a trend towards 1894.77.</p>
<h2><a></a>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1596" height="715" src="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-17.png" alt="S&P 500" class="wp-image-18159" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-17.png 1596w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-17-360×161.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-17-768×344.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-17-1536×688.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has completed a downward movement, reaching 4298.8. Today, a consolidation range might take shape above this level. In the event of an upward breakout, a corrective link to 4347.0 (a test from below) could manifest, followed by a decline to 4230.3. This represents a local target. Following this, the price might correct to 4298.0 before descending to 4172.0. This marks the initial 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/2023/09/26/technical-analysis-forecast-september-26-2023/">Technical Analysis & Forecast September 26, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment