24 July AtoZ Magic Forex Trading Strategy analysis


The following is 24 July  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.

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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

24 July AtoZ Magic Forex Trading Strategy analysis AtoZ Magic Forex trading strategy for EURUSD (click to zoom in)

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

24 July AtoZ Magic Forex Trading Strategy analysis AtoZ Magic Forex trading strategy for GBPUSD (click to zoom in)

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

24 July AtoZ Magic Forex Trading Strategy analysis AtoZ Magic Forex trading strategy for AUDUSD (click to zoom in)

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!

Think we missed something? Let us know in the comments section below!

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