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20 March AtoZ Magic Forex Trading strategy setups
20/03/2017
20 March AtoZ Magic Forex Trading strategy setups

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

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

Magic EURUSD trading strategy for March 20

Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD saw bullish price developments towards to R1 level. Price found resistance and continued downwards earlier this morning and Is currently trading between R1 and Pivot point. If bears remain in control we expect to push price towards to S1 and 100SMA. Stochastic indicator is sloping on a bearish direction. However, if bulls take back control we expect price to close above R1 towards to R2 level.

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

Pivot Point: 1.0748

R1: 1.0770, R2: 1.0803, R3: 1.0825

S1: 1.0715, S2: 1.0694, S3: 1.0660

20 March AtoZ Magic Forex Trading strategy setups

AtoZ Magic Forex trading strategy for EURUSD (click to zoom in)

Fx Pending BUY LIMIT @ 1.0715 With Stop Loss: 1.0670 and Take Profit: 1.0770

Fx Pending SELL LIMIT @ 1.0803 With Stop Loss: 1.0840 and Take Profit: 1.0750

Magic GBPUSD trading strategy for March 20

According to AtoZ magic Forex Trading Strategy for GBPUSD saw price found sellers at R1 level and the price is currently trading below it. If bears remain in control we expect to push price lower towards to pivot level for today. Moreover, if bulls manage to take back control we expect a break above R1 level towards to R2 level. Stochastic indicator is trading above 50 level with a bullish slope.

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

Pivot Point: 1.2374

R1: 1.2424, R2: 1.2455, R3:1.2505

S1: 1.2343, S2: 1.2293, S3: 1.2262

20 March AtoZ Magic Forex Trading strategy setups

AtoZ Magic Forex trading strategy for GBPUSD (click to zoom in)

Fx Pending BUY LIMIT @ 1.2294 With Stop Loss: 1.2250 and Take Profit: 1.2370

Fx Pending SELL LIMIT @ 1.2455 With Stop Loss: 1.2510 and Take Profit: 1.2374

Magic AUDUSD trading strategy for March 20

For today’s AUDUSD AtoZ magic Forex Trading Strategy saw bullish price developments towards to R2 level. The price rebound from R2 level and is currently trading below R1. If bears remain in control we expect further bearish price developments towards to pivot area level. If bulls manage to take over we expect the price to close above R2 level towards to R3 level. Stochastic indicator is sloping on a bearish direction.

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

Pivot Point: 0.7694

R1: 0.7725, R2: 0.7748, R3: 0.7780

S1: 0.7671, S2: 0.7640, S3: 0.7616

20 March AtoZ Magic Forex Trading strategy setups

AtoZ Magic Forex trading strategy for AUDUSD (click to zoom in)

Fx Pending BUY LIMIT @ 0.7670 With Stop Loss: 0.7620 and Take Profit: 0.7740

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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