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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 : 73% Sell

Trend : Strong Sell

Entry Levels : CMP, 0.9180

Profit Booking Levels : 0.9110, 0.9080

Stop Loss: 4H candle closing above 0.9265

USDCAD CMP : 1.3324

Composite Strength Meter Suggests : 58% Sell

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA 

XAUUSD CMP : 2019

Composite Strength Meter Suggests : 69% Buy

Trend : Mild Buy - Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

Forex cross pairs

EURGBP CMP : 0.89774

Composite Strength Meter Suggests : 61% Buy

Trend : Mild Buy - Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

EURJPY CMP : 124.57

Composite Strength Meter Suggests : 79% Buy

Trend : Strong Buy

Entry Levels : CMP, 124.19

Profit Booking Levels : 125.10, 125.40

Stop Loss: 4H candle closing below 122.85

GBPJPY CMP : 138.76

Composite Strength Meter Suggests : 57% Buy

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