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Latest Market Update 28th July 2020

Forex Majors today's review


EURUSD CMP : 1.1756
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : 1.1710, 1.1664
Profit Booking Levels : 1.1805, 1.1862
Stop Loss: 4H candle closing below 1.1500


AUDUSD CMP : 0.7167
Composite Strength Meter Suggests : 87% Buy
Trend : Strong Buy
Entry Levels : 0.7121, 0.7092
Profit Booking Levels : 0.7190, 0.7220
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6690
Composite Strength Meter Suggests : 89% Buy
Trend : Strong Buy
Entry Levels : 0.6655, 0.6640
Profit Booking Levels : 0.6706, 0.6733, 0.6773
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.2888
Composite Strength Meter Suggests : 67% Buy
Trend : Mild Buy
Entry Levels : 1.2850, 1.2800
Profit Booking Levels : 1.2920, 1.2970
Stop Loss: 4H closing below 1.2600


USDJPY CMP : 105.31
Composite Strength Meter Suggests : 89% Sell
Trend : Strong Sell
Entry Levels : 105.50, 105.90
Profit Booking Levels : 104.90, 104.50
Stop Loss: 4H candle closing above 107.25


USDCHF CMP : 0.9204
Composite Strength Meter Suggests : 87% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9235
Profit Booking Levels : 0.9172, 0.9137
Stop Loss: 4H candle closing above 0.9350


USDCAD CMP : 1.3347
Composite Strength Meter Suggests : 72% Sell
Trend : Mild Sell
Entry Levels : 1.3393, 1.3420
Profit Booking Levels : 1.3327, 1.3285
Stop Loss: 1H candle closing above 1.3475


XAUUSD CMP : 1975
Composite Strength Meter Suggests : 83% Buy
Trend : Strong Buy 
Entry Levels : 1925, 1908
Profit Booking Levels : According to patience level
Stop Loss: 4H candle closing below 1865

Forex cross pairs


EURGBP CMP : 0.9121
Composite Strength Meter Suggests : 90% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.9098
Profit Booking Levels : 0.9145, 0.9170
Stop Loss: 4H candle closing below 0.8977


EURJPY CMP : 123.85
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : CMP, 123.40
Profit Booking Levels : 124.25, 124.50
Stop Loss: 4H candle closing below 121.40


GBPJPY CMP : 135.78
Composite Strength Meter Suggests : 58% Sell
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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