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
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
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
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