AtoZ Magic Forex Trading Strategy for February 28


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

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

Magic EURUSD trading setups for February 28

Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD we saw bullish price developments yesterday. However, price is trading above pivoted point level. With a bullish 100SMA slope we can expect further bullish price developments towards to 1.0627 level which is our first resistance level for today. If bears take control we have to see price to close below 100SMA towards to 1.0548 level.

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

R1: 1.0627, R2: 1.0668, R3: 1.0706

S1: 1.0548, S2: 1.0510, S3: 1.0469

AtoZ Magic Forex Trading Strategy for February 28 AtoZ Magic Forex trading strategy for EURUSD (click to zoom in)

Magic GBPUSD trading setups for February 28

According to AtoZ magic Forex Trading Strategy for GBPUSD saw price trading in a range today. If bulls take control we expect price to move towards to 100SMA and 1.2485 level respectively. We expect bears to take control from 1.2485 level and push price lower to 1.2390 level which is our first support for today.

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

R1: 1.2485, R2: 1.2529, R3:1.2580

S1: 1.2390, S2: 1.2340, S3: 1.2296

AtoZ Magic Forex Trading Strategy for February 28 AtoZ Magic Forex trading strategy for GBPUSD (click to zoom in)

Magic AUDUSD trading setups for February 28

For today’s AUDUSD AtoZ magic Forex Trading Strategy saw neutral price developments. If bulls take control we expect to push price towards to 100SMA. If price manage to close above 100SMA we expect to reach 0.7700 resistance level and bounce back if bears manage to take control. A clear close above R1 level will open the door to R2 at 0.7726 level. Stochastic indicator is trading below 50 level with a bearish slope.

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

R1: 0.7700, R2: 0.7726, R3: 0.7745

S1: 0.7654, S2: 0.7636, S3: 0.7609

AtoZ Magic Forex Trading Strategy for February 28 AtoZ Magic Forex trading strategy for AUDUSD (click to zoom in)

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