The following is AtoZ Magic Forex Trading Strategy analysis for three major currency pairs EURUSD, GBPUSD and AUDUSD.
24 July, AtoZForex – Today we have market expectations and setups along with pivot points for three currency pairs.
Magic EURUSD trading strategy for July 24
Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD saw the price trading in a range after got close reaching the highest level since January 2015 in order to do that must reach R2 level for today at 1.1718 level. We don’t expect major moves today due to low volatility. However, we expect price to go towards to S2 level and 100SMA if bears remain in control. Long positions will take place at 1.1592 level towards to 1.1655.
Today’s Pivot points and trade setups for EURUSD are as follows:
Pivot Point: 1.1655
R1: 1.1690, R2: 1.1718, R3: 1.1754
S1: 1.1627, S2: 1.1591, S3: 1.1563
Fx Pending BUY LIMIT @ 1.1592 With Stop Loss: 1.1550 and Take Profit: 1.1655
Magic GBPUSD trading strategy for July 24
According to AtoZ magic Forex Trading Strategy for GBPUSD saw sharp bullish price developments after a rebound from today’s pivoted level at 1.2988 level. Although, price Is trading above 100SMA and R1 level. We expect buyers to remain in control pushing price towards to R2 level at 1.3055. However, we might see some selling pressure from R2 level towards to 100SMA.
Today’s Pivot points and entry levels for GBPUSD are as follows:
Pivot Point: 1.29887
R1: 1.3024, R2: 1.3055, R3:1.3090
S1: 1.2958, S2: 1.2922, S3: 1.2891
Fx Pending BUY LIMIT @ 1.3010 With Stop Loss: 1.2950 and Take Profit: 1.3055
Fx Pending SELL LIMIT @ 1.3055 With Stop Loss: 1.3100 and Take Profit: 1.2960
Magic AUDUSD trading strategy for July 24
For today's AUDUSD AtoZ magic Forex Trading Strategy saw price trading above R1 level. However, sellers took back control and push the price below R1. Moreover, we expect further bearish continuation towards to 100SMA and today’s pivoted level. If bulls manage to take back control we expect a clear break above R1 level towards to R2 a major resistance level at 0.8000.
Today’s Pivot points and entry levels for AUDUSD are as follows:
Pivot Point: 0.7911
R1: 0.7956, R2: 0.8000, R3: 0.80405
S1: 0.7872, S2: 0.7832, S3: 0.7788
Fx Pending SELL LIMIT @ 0.7997 With Stop Loss: 0.8050 and Take Profit: 0.7930
Those entries are just recommendations you are responsible for proper money management and risk management!
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