AtoZ Magic Forex Trading Strategy for February 1


The following is AtoZ Magic Forex Trading Strategy analysis for three major currency pairs EURUSD, GBPUSD and AUDUSD. 

1 February, AtoZForex – Today we have market expectations along with pivot points for three currency pairs.

Magic EURUSD trading strategy for February 1

Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD saw bullish price developments. Price is trading above 100SMA between pivot area and R1 level for today. If bulls remain in control we might see price moving towards to R1 at 1.0845 level. A break above this level will open the door to R2 level for today. If bears remain in control we expect to push price towards to 100SMA at 1.0717 level. Although, at 1.0717 level it’s our first support level for today. Therefore, stochastic indicator slope is on bullish direction.

Today’s Pivot points and trade setups for EURUSD are as follows:

R1: 1.0845, R2: 1.0892, R3: 1.0973

S1: 1.0717, S2: 1.0637, S3: 1.0589

AtoZ Magic Forex Trading Strategy for February 1 AtoZ Magic Forex trading strategy for EURUSD (click to zoom in)

Magic GBPUSD trading strategy for February 1

According to AtoZ magic Forex Trading Strategy for GBPUSD saw sharp moves on bullish direction from this pair. Price is trading above 100SMA towards to R1 level for today. If bulls remain in control we might see price closing above R1 level towards to R2 at 1.2712 level. If bears take control we have to see price closing below 100SMA towards to S1 at 1.2461 level.

Today’s Pivot points and entry levels for GBPUSD are as follows:

R1: 1.2645, R2: 1.2713, R3:1.2829

S1: 1.2461, S2: 1.2345, S3: 1.2277

AtoZ Magic Forex Trading Strategy for February 1 AtoZ Magic Forex trading strategy for GBPUSD (click to zoom in)

Magic AUDUSD trading strategy for February 1

For today’s AUDUSD AtoZ magic Forex Trading Strategy saw bullish price developments. If bulls remain in control we expect to see price finding first resistance level at 0.7611. A break below that level will open the door to our second resistance area at 0.7640 level. For bearish scenario we have to see price closing below 100SMA at 0.7553 and close below S1 level for today which is 8 pips below 100SMA. If S1 hold we might see further bullish price continuation.

Today’s Pivot points and entry levels for AUDUSD are as follows:

R1: 0.7611, R2: 0.7640, R3: 0.7675

S1: 0.7548, S2: 0.7513, S3: 0.7484

AtoZ Magic Forex Trading Strategy for February 1 AtoZ Magic Forex trading strategy for AUDUSD (click to zoom in)

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

    Share Your Opinion, Write a Comment