Technical Analysis & Forecast September 28, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_20-360×360.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> Continues its Descent: This overview also covers 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><a></a>EUR/USD (Euro vs US Dollar)</h2>
<figure><img decoding="async" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH11.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-18212" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH11.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH11-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH11-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/EURUSDH11-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD has wrapped up a downward wave, reaching 1.0487. Today, the market is shaping a consolidation range above this level. A downward breakout might set the stage for a movement towards 1.0434. Conversely, an upward breakout could instigate a corrective phase to 1.0545 (a test from below), followed by a decline to 1.0434.</p>
<h2><a></a>GBP/USD (Great Britain Pound vs US Dollar)</h2>
<figure><img decoding="async" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-20.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-18205" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-20.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-20-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-20-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/GBPUSDH1-20-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD has concluded a downward wave, reaching 1.2110. Today, the market is establishing a consolidation range above this level. Should a downward breakout occur, it could pave the way for a movement towards 1.2016. Conversely, an upward breakout might trigger a corrective phase to 1.2220 (a test from below), followed by a decline to 1.2016.</p>
<h2><a></a>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-20.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-18207" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-20.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-20-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-20-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDJPYH1-20-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY has completed its upward movement to 149.69, and the market is currently correcting to 149.28. A continued growth wave could take it to 149.93. Subsequently, a correction to 148.62 might commence once the price hits this level.</p>
<div>
<div>
<div>
<p>Elevate your trading with <span>R StocksTrader<span></span></span></p>
<p>Get access to more than 12,000 instruments with a single account!</p>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_mobile" src="https://blog.roboforex.com/wp-content/uploads/2023/09/rst-mobile.png" alt="partner-programme" /></div>
<a href="https://my.roboforex.com/en/register/rtrader" target="_blank" rel="noopener">Start Trading</a>
</div>
<div>
<img decoding="async" class="block-banner__image block-banner__image_desktop" src="https://blog.roboforex.com/wp-content/uploads/2023/09/rst-desktop.png" alt="partner-programme" /></div>
</div>
<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-20.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-18208" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-20.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-20-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-20-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/USDCHFH1-20-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF has concluded a growth wave, reaching 0.9224. Today, the market is advancing a consolidation range below this level. A downward breakout could lead to a correction to 0.9110. Conversely, an upward breakout might sustain the <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> towards 0.9284.</p>
<h2><a></a>AUD/USD (Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-18213" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/AUDUSDH11-1-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD has concluded its downward movement, reaching 0.6330. The market is now forming a correction to 0.6385. Following this correction, a decline wave to 0.6308 might develop, potentially paving the way for the trend to extend to 0.6260.</p>
<h2><a></a>BRENT</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-8.png" alt="BRENT" class="wp-image-18209" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-8.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-8-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-8-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/BRENTH4-8-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>BRENT</figcaption></figure><p>Brent has wrapped up its upward movement, hitting 95.12. Today, a corrective link to 92.85 could potentially follow. Following this, the trend might advance to 97.07, potentially expanding to 104.00. This represents a local target.</p>
<h2><a></a>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH11.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-18215" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH11.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH11-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH11-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/XAUUSDH11-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold has concluded a decline wave, reaching 1872.20. Today, the market is establishing a consolidation range above this level. A downward breakout might lead to a decline to 1868.44. Conversely, an upward breakout could instigate a correction to 1885.80 (a test from below), followed by a fall to 1868.44.</p>
<h2><a></a>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1592" height="705" src="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-19.png" alt="S&P 500" class="wp-image-18210" srcset="https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-19.png 1592w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-19-360×159.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-19-768×340.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/09/US500CashH1-19-1536×680.png 1536w" sizes="(max-width: 1592px) 100vw, 1592px" /><figcaption>S&P 500</figcaption></figure><p>The stock index has completed its downward movement, reaching 4239.7, with the market currently in correction at 4291.0. Following the conclusion of this correction, a decline wave to 4228.0 could commence, potentially setting the stage for the trend to extend to 4125.2.</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/2023/09/28/technical-analysis-forecast-september-28-2023/">Technical Analysis & Forecast September 28, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment