Forex Market Update 13/08/20
EURUSD CMP : 1.1811
Composite Strength Meter Suggests : 84% Buy
Trend : Strong Buy
Entry Levels : 1.1770, 1.1730
Profit Booking Levels : 1.1835, 1.1880
Stop Loss: 4H candle closing below 1.1625
Trend : Strong Buy
Entry Levels : 1.1770, 1.1730
Profit Booking Levels : 1.1835, 1.1880
Stop Loss: 4H candle closing below 1.1625
AUDUSD CMP : 0.7169
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : 0.7150, 0.7125
Profit Booking Levels : 0.7190, 0.7210
Stop Loss: 4H candle closing below 0.6970
NZDUSD CMP : 0.6570
Composite Strength Meter Suggests : 70% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6541
Profit Booking Levels : 0.6615, 0.6645
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.3061
Composite Strength Meter Suggests : 68% Buy
Trend : Neutral - Mild Buy
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDJPY CMP : 106.69
Composite Strength Meter Suggests : 56% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9107
Composite Strength Meter Suggests : 84% Sell
Trend : Strong Sell
Entry Levels : 0.9135, 0.9175
Profit Booking Levels : 0.9075, 0.9035
Stop Loss: 4H candle closing above 0.9265
USDCAD CMP : 1.3239
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : 1.3270, 1.3310
Profit Booking Levels : 1.3195, 1.3150
Stop Loss: 4H candle closing above 1.3500
XAUUSD CMP : 1937
Composite Strength Meter Suggests : 55% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.9041
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : 0.9026, 0.9000
Profit Booking Levels : 0.9065, 0.9095
Stop Loss: 4H candle closing below 0.8965
EURJPY CMP : 126
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : 125.65, 125.35
Profit Booking Levels : 126.50, 127
Stop Loss: 4H candle closing below 123.70
GBPJPY CMP : 139.33
Composite Strength Meter Suggests : 58% 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
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