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Andy.atx

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About Andy.atx

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  1. Andy.atx

    Happy Chinese New Year! Best regards, Atirox Team!
  2. Andy.atx

    The Power of Leverage in Forex Leverage gives you the ability to use something small to control something big. It’s a borrowed money provided by Forex brokers, presented with the use of ratio, for instance, 1:100 or 1:500. Let’s say for example you have $100 in your trading account. With a 1:100 leverage, you can control $10,000, increasig your trading power. But a word of caution. Although leverage can increase your potential profits, it can also amplify your potential losses. So you have to use it wisely.
  3. EUR/USD: TECHNICAL ANALYSIS 24.01.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. Now the pair is testing the strong support level of 1.10474. The breakdown of this level will give a prospect of decline to 1.10359-1.10321. This area seems a strong support zone which can activate an upward rebound. However, the decisive break of 1.10321 is needed to indicate the downward trend resumption. In this case, the next target of sellers will be the level of 1.10168. Alternative scenario The upward rebound from 1.10474 and pullback above 1.10579 will be a sign of upward correction and let the price grow to the area of 1.10626-1.10779. This area will be a key target of the upward correction and can activate a downward reverse. Meanwhile, a breakout of 1.10779 will be a signal of the upward trend restoring. In this case, the buyers will have their sight on 1.10931-1.11084. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in a positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.10474, 1.10321, 1.10168. Resistance levels: 1.10626, 1.10779, 1.10931, 1.11084. Trading recommendations Short positions can be opened below the level of 1.10474 with the target at around 1.10321-1.10168 and stop-loss at 1.10576. Long positions can be opened above the level of 1.10626 with the target at around 1.10779-1.10931 and stop-loss at 1.10524.
  4. USD/CAD: TECHNICAL ANALYSIS 24.01.20 Current trend USD/CAD is in the stage of consolidation after falling to the level of 1.31233, but the downward potential is still maintained. In case the pair manage to cross 1.31233 support, the next target of the sellers will be 1.31050 level (coincided with the middle line of Bollinger Bands). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1.30920. Alternative scenario The upward rebound from 1.331226 and pullback above 1.31381 will be a signal for upward correction formation and give a prospect of growing to the 1.31531 resistance. Should prices continue growing above 1.31531 the level of 1.31707 might try activating a downward rebound. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD volumes are decreasing in the positive zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 1.31226, 1.30920, 1.30615. Resistance levels: 1.31381, 1.31531, 1.31707. Trading recommendations Short positions can be opened below the level of 1.31226 with the target at around 1.30920 and stop-loss at 1.31328. Long positions can be opened above the level of 1.31381 with the target at around 1.31531-1.31707 and stop-loss at 1.31272.
  5. USD/CHF: TECHNICAL ANALYSIS 24.01.20 Current trend Today USD/CHD price is moderately growing and is now approaching the resistance level of 0.97046. Assuming the pair’s ability to cross this level, the mark of 0.97280 and the 0.97351 can be targeted if holding long positions. The level of 0.97351 can activate a downward reverse of the price. However, the decisive break of 0.97351 will give a prospect of growth to the 0.97656 resistance, which is the key “bullish” level for the short term period. Alternative scenario The downward rebound from 0.97046 and pullback below 0.96829 will be a sign of downward movement resumption and let the price decline to 0.96678 support. There is a chance of an upward rebound, while its breakdown would trigger a pair’s fresh decline to the one-week low surrounding the 0.96436 support. Technical indicators Technical indicators maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD is growing in a positive zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.96829, 0.96678, 0.96436. Resistance levels: 0.97046, 0.97280, 0.97351, 0.97656. Trading recommendations Short positions can be opened below the level of 0.96829 with the target at around 0.96678-0.96436 and stop-loss at 0.96960. Long positions can be opened above the level of 0.97046 with the target at around 0.97280-0.97351 and stop-loss at 0.96944.
  6. NZD/USD: TECHNICAL ANALYSIS 23.01.20 Current trend NZD/USD bounced off the 0.65850 horizontal-support but is yet to cross the 0.66004 resistance, which coincided with the middle line of Bollinger Bands. The instrument has the potential to further decline. To continue a downward dynamic NZD/USD should consolidate below the 0.65850 support. In this case, the next targets of sellers will be the level of 0.65765-0.65657. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.65994, the correction can continue to the area of 0.66071-0.66147. The decisive break of 0.66147 is needed to indicate the upward trend resumption. In this case, the buyers will have their sights on 0.66223-0.66299 resistance area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 0.65842, 0.65765, 0.65657. Resistance levels: 0.65994, 0.66071, 0.66147, 0.66223. Trading recommendations Short positions can be opened below the level of 0.65842 with the target at around 0.65765-0.65567 and stop-loss at 0.65933. Long positions can be opened above the level of 0.65994 with the target at around 0.66071-0.66223 and stop-loss at 0.65917.
  7. XAU/USD: TECHNICAL ANALYSIS 23.01.20 Current trend XAU/USD quotes attempted to grow, but reaching 1563.65 mark moved to a decline. Now the price is trying to consolidate below the middle line of Bollinger Bands (1558.40). Pair’s sustained trading below this level could lead the price back to 1554.69 support. This level can activate an upward rebound, while its breakout will be a signal for downward trend resumption and let the price fall to the area of 1550.09 support Alternative scenario The upward rebound from 1558.40 support and pullback above the 1560.00 resistance will let the price retest 1562.50-1563.65 resistance. Significant growth is possible after the breakout of the 1563.65 level. In this case, the next targets of buyers will be the resistance level of 1567.11-1568.53. Technical indicators The technical picture is mixed. Bollinger Bands are pointed sideways. MACD is growing in a positive zone, keeping a weak buy signal. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1558.40, 1554.69, 1550.09. Resistance levels: 1560.00, 1562.50, 1563.65, 1567.50. Trading recommendations Short positions can be opened below the level of 1558.40 with the target at around 1554.69 and stop-loss at 1559.70. Long positions can be opened above the level of 1560.00 with the target at around 1563.65 and stop-loss at 1561.20.
  8. EUR/JPY: TECHNICAL ANALYSIS 23.01.20 Current trend On the 4-hour chart, the instrument is falling along the lower line of the Bollinger Bands. Now the price is testing the 121.424 support. Assuming the pair’s ability to cross this level, the mark of 121.094 can be targeted if holding short positions. Alternative scenario The upward rebound from 121.424 support and pullback above 121.626 will be a sign of upward correction development and give a prospect of growth to the 121.875 resistance. The area of 121.875-121.985 resistance seems a strong resistance zone, which can activate a downward reverse. However, the breakout of 122.00 will accelerate the pair towards 122.266 resistance level. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic’s lines are pointed downwards and are reaching the oversold area. Support and resistance Support levels: 121.424, 121.094, 120.703. Resistance levels: 121.626, 121.875, 121.985, 122.266. Trading recommendations Short positions can be opened below the level of 121.424 with the target at around 121.094 and stop-loss at 121.534. Long positions can be opened above the level of 121.626 with the target at around 121.875 and stop-loss at 121.543.
  9. Andy.atx

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  10. Andy.atx

    Psychology in Forex trading will determine wheter you make money or lose. To master it, you will need a lot of practice and patience. When you are able to trade without emotions, that’s when your profits will start to improve. Practice your trading and win over your emotions through a demo account with Atirox: https://atirox.com/demo-account/
  11. GBP/USD: TECHNICAL ANALYSIS 22.01.20 Current trend The GBP/USD pair begins today’s trading with a slight bearish bias. The first strong support for the price will be the 1.30310 level, which coincided with the middle line of Bollinger Bands. Assuming the pair’s ability to cross this level, the mark of 1.30005 can be targeted if holding short positions. Judging by the downward bias of Stochastic, this case scenario (Murrey [−1/8]) is possible soon Alternative scenario The upward rebound from 1.30310 and pullback above 1.30488 will let the price retest the 1.30615-1.30827 resistance. The decisive break of 1.30827 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the level of 1.30920-1.31176. Technical indicators Technical indicators mostly maintain a sell signal. Bollinger Bands are converging on the background of bearish momentum. MACD is slowly growing in the positive zone, forming a weak buy signal. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation. Support and resistance Support levels: 1.30310, 1.30005, 1.29700. Resistance levels: 1.30615, 1.30920, 1.31226. Trading recommendations Short positions can be opened below the level of 1.30310 with the target at around 1.30005 and stop-loss at 1.30410. Long positions can be opened above the level of 1.30615 with the target at around 1.30920 and stop-loss at 1.30515.
  12. USD/JPY: TECHNICAL ANALYSIS 22.01.20 Current trend On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands and is testing the resistance level of 110.092 (middle line of Bollinger Bands). There is a chance of a downward rebound, while its breakout will be a signal for upward trend resumption and give a prospect of growth to the 110.330 level. Alternative scenario The pullback below 109.891 will be a sign of a downward movement formation and let the price retest 109.766 support. Further close below this level may accelerate the USD/JPY pair towards the area of 109.375 support. Technical indicators Technical indicators mostly maintain a buy signal. Bollinger Bands are diverging on the background of bullish momentum. MACD volumes are in the positive zone and are moving along the zero line. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 109.891, 109.766, 109.375. Resistance levels: 110.092, 110.330, 110.547. Trading recommendations Long positions can be opened above the level of 110.092 with the target at around 110.330 and stop-loss at 110.020. Short positions can be opened below the level of 109.766 with the target at around 109.375 and stop-loss at 108.096.
  13. AUD/USD: TECHNICAL ANALYSIS 22.01.20 Current trend On the 4-hour chart, the instrument keeps a negative dynamic. The price has tested the support level of 0.68263 and was slightly corrected upwards, but the general downward trend still maintains. Pullback below 0.68359 will be a sign of downward movement resumption and let the price retest the 0.68263 support. A significant decrease is possible after the breakdown of this level. In this case, the next targets of sellers will be the support are 0.68207-0.68054. Alternative scenario If the "bulls" manage to raise the rate above the level of 0.68512 level, the correction can continue to the area of 0.68665 level, which coincided with the middle line of Bollinger Bands. This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 0.68665 and pair' sustained trading above 0.68749 level will be a signal for upward trend resumption and give a prospect of growth to 0.68817-0.68970 resistance area. Technical indicators Technical indicators maintain a sell signal. Bollinger Bands are diverging on the background of bearish momentum. MACD is growing in the negative zone. Stochastic is in the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 0.68359, 0.68263, 0.68207, 0.68054. Resistance levels: 0.68512, 0.68665, 0.68817, 0.68970. Trading recommendations Short positions can be opened below the level of 0.68359 with the target at around 0.68263-0.68054 and stop-loss at 0.68460. Long positions can be opened above the level of 0.68512 with the target at around 0.68665-0.68817 and stop-loss at 0.68410.
  14. Andy.atx

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  15. EUR/USD: TECHNICAL ANALYSIS 21.01.20 Current trend EUR/USD is in the stage of upward correction after falling to the level of 1.10763. If the current trend maintains, the growth can continue to the area of 1.11084-1.11144 resistance. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, the breakout of 1.11144 and pair' sustained trading above it will give a prospect of growth to 1.11237 resistance. Alternative scenario The pullback below 1.10884 will be a sign of downward movement formation and lead the price back to 1.10763 support. The decisive break of this level is needed to indicate the downward trend resumption. In this case, the next targets of sellers will be the level of 1.10626, then 1.10474. Technical indicators The technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone, keeping a weak buy signal. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. Support and resistance Support levels: 1.10884, 1.10763, 1.10626, 1.10474. Resistance levels: 1.11084, 1.11237, 1.11389, 1.11542. Trading recommendations Short positions can be opened below the level of 1.10763 with the target at around 1.10626-1.10474 and stop-loss at 1.10860. Long positions can be opened above the level of 1.11084 with the target at around 1.11237-1.11389 and stop-loss at 1.10982.
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