Today’s Market Update (10/07/2020)

Chinese banks asked to prepare for contingency plans over threats of US Sanctions on china looms. Today we will witness US PPI Figures.

 

EURUSD CMP:1.1272	AUDUSD CMP: 0.6941
Composite Strength Meter suggests 69% Buy	Composite Strength Meter suggests 77% Buy
Trend : Mild Buying	Trend : Strong Buying
Entry Points: 1.1270, 1.1240	Entry Points: 0.6940, 0.6900
Profit Booking Points: 1.1340, 1.1370	Profit Booking Points: 0.6977, 0.6993
Trend Changing Zone: 4H closing below 1.1100	Trend Changing Zone: 4H closing below 0.6827
NZDUSD CMP: 0.6556	GBPUSD CMP: 1.2591
Composite Strength Meter suggests  88% Buy	Composite Strength Meter suggests 58% Sell
Trend : Strong Buying	Trend: Neutral
Entry Points: 0.6550, 0.6520	Entry Points: NA
Profit Booking Points: 0.6596, 0.6625	Profit Booking Points NA
Trend Changing Zone : 4H closing below 0.6400	Trend Changing Zone NA
USDJPY CMP: 107.02	USDCHF CMP:  0.9420
Composite Strength Meter suggests 75% sell	Composite Strength Meter suggests  73% Sell
Trend: Strong Selling	Trend : Strong Selling
Entry Points: 107.30, 107.50	Entry Points: 0.9430, 0.9470
Profit Booking Points 106.70, 106.50, 106.10	Profit Booking Points: 0.9390, 0.9370, 0.9350
Trend Changing Zone: 4H closing above 108.20	Trend Changing Zone: 4H closing above 0.9550
XAUUSD CMP:1801	WTIUSD CMP:  39.27
Composite Strength Meter suggests 63% buy	Composite Strength Meter suggests 61% sell
Trend : Neutral	Trend: Neutral
Entry Points NA	Entry Points NA
Profit Booking Points NA	Profit Booking Points NA
Trend Changing Zone NA	Trend Changing Zone 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