21 August, AtoZForex – Today we have market expectations and setups along with pivot points for three currency pairs.
Magic EURUSD trading strategy for August 21
Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD price is trading between pivot level and 100SMA. However, price is trading in a range due to low volatility today. We can find some buyers at 1.1717 level then more will appear at 1.1680 level. We expect some selling pressure from 1.1783 level if buyers manage to take control and push the price higher.
Today’s Pivot points and trade setups for EURUSD are as follows:
Pivot Point: 1.1745
R1: 1.1783, R2: 1.1812, R3: 1.1849
S1: 1.1717, S2: 1.1680, S3: 1.1651
Fx Pending SELL LIMIT @ 1.1782 With Stop Loss: 1.1825 and Take Profit: 1.1740
Magic GBPUSD trading strategy for August 21
According to AtoZ magic Forex Trading Strategy for GBPUSD saw the price trading below 100SMA. However, buyers trying to take back control. If that happens we expect price to close above 100SMA towards to 1.2910 level. Moreover, if 100SMA holds we expect further pressure to the downside towards to 1.2824 level.
Today’s Pivot points and entry levels for GBPUSD are as follows:
Pivot Point: 1.2870
R1: 1.2910, R2: 1.2956, R3:1.2996
S1: 1.2824, S2: 1.2785, S3: 1.2738
Magic AUDUSD trading strategy for August 21
For today's AUDUSD AtoZ magic Forex Trading Strategy saw retracing from yesterday’s first resistance area and is currently trading at today’s pivot level. We expect further selling pressure towards to 100SMA and S1 level for today. However, if buyers manage to take back control we expect to push price towards to R1 level.
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 BUY LIMIT @ 0.7882 With Stop Loss: 0.7850 and Take Profit: 0.7930
Those entries are just recommendations you are responsible for proper money management and risk management!