Daily Chart Setups - 19 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.

AUDUSD 4 Hour Chart

AUDUSD 4 Hour Chart
AUDUSD 4 Hour Chart

Chart Action Points - AUD/USD 4 Hour Chart

Action: Potential buy positions above 0.6944Action: Potential sell positions below 0.6944
Take Profit 1 (TP1) at 0.6984Take Profit 1 (TP1) at 0.6877
Take Profit 2 (TP2) at 0.7043Take Profit 2 (TP2) at 0.6832

Comments

Comments -

  1. RSI Indicator dropped below the midline support.
  2. Pair moving up in an ascending channel while prices at the bottom-line support of the channel.

USDCHF 1 Hour Chart

USDCHF 1 Hour Chart
USDCHF 1 Hour Chart

Chart Action Points - USD/CHF 1 Hour Chart

Action: Potential buy positions above 0.9168Action: Potential sell positions below 0.9168
Take Profit 1 (TP1) at 0.9191Take Profit 1 (TP1) at 0.9129
Take Profit 2 (TP2) at 0.9218Take Profit 2 (TP2) at 0.9086

Comments

  1. RSI needs to move above the midline support for upside breakout.
  2. Symmetrical Triangle Pattern price moving downward from the apex point.  

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.