Forex Market Update 24/08/20
EURUSD CMP : 1.1791
Composite Strength Meter Suggests : 70% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1740
Trend : Strong Buy
Entry Levels : CMP, 1.1740
Profit Booking Levels : 1.1860, 1.1930
Stop Loss: 4H candle closing below 1.1725
Stop Loss: 4H candle closing below 1.1725
AUDUSD CMP : 0.7168
Composite Strength Meter Suggests : 71% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7130
Profit Booking Levels : 0.7200, 0.7250
Stop Loss: 4H candle closing below 0.6970
NZDUSD CMP : 0.6530
Composite Strength Meter Suggests : 70% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6500
Profit Booking Levels : 0.6560, 0.6600
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.3089
Composite Strength Meter Suggests : 64% Buy
Trend : Mild Buy
Entry Levels : CMP, 1.3020
Profit Booking Levels : 1.3190, 1.3300
Stop Loss: 4H candle closing below 1.2900
USDJPY CMP : 105.85
Composite Strength Meter Suggests : 55% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9126
Composite Strength Meter Suggests : 73% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9150
Profit Booking Levels : 0.9070, 0.9030
Stop Loss: 4H candle closing above 0.9220
USDCAD CMP : 1.3170
Composite Strength Meter Suggests : 80% 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 : 1933
Composite Strength Meter Suggests : 56% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.9007
Composite Strength Meter Suggests : 72% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.8965
Profit Booking Levels : 0.9035, 0.9060
Stop Loss: 4H candle closing below 0.8968
EURJPY CMP : 124.74
Composite Strength Meter Suggests : 71% Buy
Trend : Strong Buy
Entry Levels : CMP, 124.30
Profit Booking Levels : 125.40, 126.00
Stop Loss: 4H candle closing below 124.35
GBPJPY CMP : 138.46
Composite Strength Meter Suggests : 60% Buy
Trend : Neutral - Mild Buy
Entry Levels : CMP, 137.85
Profit Booking Levels : 139, 139.50
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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