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Latest Market Update 30th July 2020

Forex Majors today's review


EURUSD CMP : 1.1780
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : 1.1755, 1.1731
Profit Booking Levels : 1.1797, 1.1821
Stop Loss: 4H candle closing below 1.1500


AUDUSD CMP : 0.7182
Composite Strength Meter Suggests : 82% Buy
Trend : Strong Buy
Entry Levels : 0.7170, 0.7150
Profit Booking Levels : 0.7217, 0.7238
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6656
Composite Strength Meter Suggests : 81% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6636, 0.6620
Profit Booking Levels : 0.6670, 0.6690, 0.6720
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.2990
Composite Strength Meter Suggests : 67% Buy
Trend : Mild Buy
Entry Levels : 1.2950, 1.2926
Profit Booking Levels :  1.3043, 1.3090
Stop Loss: 1H closing below 1.2850


USDJPY CMP : 105.01
Composite Strength Meter Suggests : 89% Sell
Trend : Strong Sell
Entry Levels : CMP, 105.30, 105.50
Profit Booking Levels : 104.78, 104.57
Stop Loss: 4H candle closing above 107.25


USDCHF CMP : 0.9122
Composite Strength Meter Suggests : 92% Sell
Trend : Strong Sell
Entry Levels : 0.9150, 0.9170
Profit Booking Levels : 0.9100, 0.9060
Stop Loss: 4H candle closing above 0.9385


USDCAD CMP : 1.3337
Composite Strength Meter Suggests : 72% Sell
Trend : Strong Sell
Entry Levels : 1.3365-1.3390
Profit Booking Levels : 1.3320, 1.3290
Stop Loss: 1H candle closing above 1.3450


XAUUSD CMP : 1965
Composite Strength Meter Suggests : 80% Buy
Trend : Strong Buy 
Entry Levels : 1954, 1946
Profit Booking Levels : 1978, 1991
Stop Loss: 4H candle closing below 1865

Forex cross pairs


EURGBP CMP : 0.9069
Composite Strength Meter Suggests : 74% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.9034
Profit Booking Levels : 0.9115, 0.9160
Stop Loss: 4H candle closing below 0.8977


EURJPY CMP : 123.70
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : 123.50, 123.15
Profit Booking Levels : 123.90, 124.20
Stop Loss: 4H candle closing below 121.40


GBPJPY CMP : 136.38
Composite Strength Meter Suggests : 51% 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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    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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