Forex Market Update 21/08/20
EURUSD CMP : 1.1872
Composite Strength Meter Suggests : 72% Buy
Trend : Strong Buy
Entry Levels : 1.1850, 1.1806
Trend : Strong Buy
Entry Levels : 1.1850, 1.1806
Profit Booking Levels : 1.1900, 1.1940
Stop Loss: 4H candle closing below 1.1725
Stop Loss: 4H candle closing below 1.1725
AUDUSD CMP : 0.7200
Composite Strength Meter Suggests : 72% Buy
Trend : Strong Buy
Entry Levels : 0.7183, 0.7130
Profit Booking Levels : 0.7230, 0.7280
Stop Loss: 4H candle closing below 0.6970
NZDUSD CMP : 0.6537
Composite Strength Meter Suggests : 67% Buy
Trend : Mild Buy
Entry Levels : CMP
Profit Booking Levels : 0.6583
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.3232
Composite Strength Meter Suggests : 81% Buy
Trend : Strong Buy
Entry Levels : 1.3150, 1.3101
Profit Booking Levels : 1.3290, 1.3375
Stop Loss: 4H candle closing below 1.2900
USDJPY CMP : 105.67
Composite Strength Meter Suggests : 59% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9071
Composite Strength Meter Suggests : 83% Sell
Trend : Strong Sell
Entry Levels : 0.9110, 0.9140
Profit Booking Levels : 0.9030
Stop Loss: 4H candle closing above 0.9220
USDCAD CMP : 1.3170
Composite Strength Meter Suggests : 84% Sell
Trend : Strong Sell
Entry Levels : 1.3200, 1.3229
Profit Booking Levels : 1.3125
Stop Loss: 4H candle closing above 1.3375
XAUUSD CMP : 1949
Composite Strength Meter Suggests : 55% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.8970
Composite Strength Meter Suggests : 59% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
EURJPY CMP : 125.45
Composite Strength Meter Suggests : 78% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.11
Profit Booking Levels : 125.80, 126.10
Stop Loss: 4H candle closing below 124.35
GBPJPY CMP : 139.85
Composite Strength Meter Suggests : 75% Buy
Trend : Strong Buy
Entry Levels : 139.25, 138.80
Profit Booking Levels : 140.30
Stop Loss: 4H candle closing below 137.20
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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