Daily Chart Setups - 18 Jan 2023

Here are today’s directional views from our market research desk! These can be starting points for your own research to identify opportunities that suit your trading charts and trading style. Like what you see? Feel free to forward this to a friend!

Please note that the analysis presented in the charts below should not be considered investment or trading advice. They are for educational purposes only and you should consider seeking advice from an independent financial advisor.

EURUSD 1 Hour Chart

EURUSD 1 Hour Chart
EURUSD 1 Hour Chart

Chart Action Points - EUR/USD 1 Hour Chart

Action: Potential buy positions above 1.0799Action: Potential sell positions below 1.0799
Take Profit 1 (TP1) at 1.0818Take Profit 1 (TP1) at 1.0755
Take Profit 2 (TP2) at 1.0839Take Profit 2 (TP2) at 1.0730

Comments

  1. RSI Indicator sliding towards the oversold zone.  
  2. The head and shoulder in formation completed and Pair dropped to the support level that turned to Pivot now.  

GBPUSD 4 Hour Chart

GBPUSD 4 Hour Chart
GBPUSD 4 Hour Chart

Chart Action Points - GBP/USD 4 Hour Chart

Action: Potential buy positions above 1.2290Action: Potential sell positions below 1.2290
Take Profit 1 (TP1) at 1.2233Take Profit 1 (TP1) at 1.2215
Take Profit 2 (TP2) at 1.2376Take Profit 2 (TP2) at 1.2168

Comments

  1. RSI at resistance could drop from the current level.  
  2. The triangle pattern continued; the pair could drop towards the Key Support level.   

Disclaimer: The information provided does not constitute, in any way, a solicitation or inducement to buy or sell securities and similar products. Comments and analysis reflect the views of Rockfort Markets at any given time and are subject to change at any time. Moreover, they cannot constitute a commitment or guarantee on the part of Rockfort Markets. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and financial derivatives such as futures, CFDs (Contracts for Difference), warrants, turbos or certificates involve a high degree of risk. They require a good level of financial knowledge and experience. Rockfort Markets recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of this message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued. Rockfort Markets recommends reading the “Product Disclosure Statement” section of website for any financial product mentioned.

Any questions? You can call us on 09 281 2012 or email us at info@rockfortmarkets.com any time to help you with your trading requirements.

Rockfort Markets’ products are risky; please read our PDS.

This site is registered on wpml.org as a development site.