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Latest Forex Market Technical Update 31st July 20

Forex Majors today's review


EURUSD CMP : 1.1889
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : 1.1832, 1.1780
Profit Booking Levels : 1.1940, 1.1980
Stop Loss: 4H candle closing below 1.1600


AUDUSD CMP : 0.7182
Composite Strength Meter Suggests : 92% Buy
Trend : Strong Buy
Entry Levels : 0.7160, 0.7120
Profit Booking Levels : 0.7230, 0.7270
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6685
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : 0.6650, 0.6620
Profit Booking Levels : 0.6710, 0.6740
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.3128
Composite Strength Meter Suggests : 82% Buy
Trend : Strong Buy
Entry Levels : 1.3025, 1.2980
Profit Booking Levels :  1.3175, 1.3230
Stop Loss: 1H closing below 1.2850


USDJPY CMP : 104.30
Composite Strength Meter Suggests : 89% Sell
Trend : Strong Sell
Entry Levels : 104.80-105.20
Profit Booking Levels : 103.78, 103.57
Stop Loss: 4H candle closing above 106.50


USDCHF CMP : 0.9075
Composite Strength Meter Suggests : 92% Sell
Trend : Strong Sell
Entry Levels : 0.9125 - 0.9160
Profit Booking Levels : 0.9060, 0.9000
Stop Loss: 4H candle closing above 0.9285


USDCAD CMP : 1.3437
Composite Strength Meter Suggests : 56% Sell
Trend : Neutral
Entry Levels : Avoid Trading
Profit Booking Levels : Avoid Trading
Stop Loss: NA


XAUUSD CMP : 1967
Composite Strength Meter Suggests : 74% Buy
Trend : Strong Buy 
Entry Levels : 1940-1920
Profit Booking Levels : 1978, 1997
Stop Loss: 4H candle closing below 1865

Forex cross pairs


EURGBP CMP : 0.9055
Composite Strength Meter Suggests : 66% Buy
Trend : Mild Buy
Entry Levels : CMP, 0.9010
Profit Booking Levels : 0.9110, 0.9138
Stop Loss: 4H candle closing below 0.8970


EURJPY CMP : 124.06
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : 123.75-123.50
Profit Booking Levels : 124.40, 124.80
Stop Loss: 4H candle closing below 121.70


GBPJPY CMP : 137.01
Composite Strength Meter Suggests : 56% Buy
Trend : Neutral
Entry Levels : Avoid Trading
Profit Booking Levels : Avoid Trading
Stop Loss: NA


Reference:

Trend changing point candle low should be kept as stop loss for buy trend

Trend changing point candle high should be kept as stop loss for sell trend

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    Forex Market Update 11/08/20 EURUSD CMP : 1.1749 Composite Strength Meter Suggests : 71% Buy Trend : Strong Buy Entry Levels : CMP, 1680 Profit Booking Levels : 1.1790, 1.1825 Stop Loss: 4H candle closing below 1.1550 AUDUSD CMP : 0.7179 Composite Strength Meter Suggests : 78% Buy Trend : Strong Buy Entry Levels : CMP, 0.7120 Profit Booking Levels : 0.7220, 0.7280 Stop Loss: 4H candle closing below 0.6970 NZDUSD CMP : 0.6616 Composite Strength Meter Suggests : 74% Buy Trend : Strong Buy Entry Levels : CMP, 0.6560 Profit Booking Levels : 0.6660, 0.6730 Stop Loss: 4H candle closing below 0.6500 GBPUSD CMP : 1.3087 Composite Strength Meter Suggests : 79% Buy Trend : Strong Buy Entry Levels : 1.3035, 1.2985 Profit Booking Levels :  1.3140, 1.3225 Stop Loss: 4H closing below 1.2850 USDJPY CMP : 106.02 Composite Strength Meter Suggests : 64% Sell Trend : Neutral - Mild Sell Entry Levels : Avoid Profit Booking Levels : NA Stop Loss: NA USDCHF CMP : 0.9150 Composite Strength Meter Suggests

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