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Forex Market Update 17/08/20




EURUSD CMP : 1.1856
Composite Strength Meter Suggests : 89% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1823, 1.1790
Profit Booking Levels : 1.1893, 1.1925
Stop Loss: 4H candle closing below 1.1625


AUDUSD CMP : 0.7178
Composite Strength Meter Suggests : 83% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7145
Profit Booking Levels : 0.7190, 0.7210
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6531
Composite Strength Meter Suggests : 61% Buy
Trend : Neutral - Mild Buy
Entry Levels : Avoid
Profit Booking Levels :NA
Stop Loss: NA


GBPUSD CMP : 1.3094
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.3040
Profit Booking Levels : 1.3130, 1.3175
Stop Loss: 4H candle closing below 1.2875


USDJPY CMP : 106.54
Composite Strength Meter Suggests : 51% Sell
Trend : Neutral 
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA


USDCHF CMP : 0.9094
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9135
Profit Booking Levels : 0.9080, 0.9060
Stop Loss: 4H candle closing above 0.9265


USDCAD CMP : 1.3257
Composite Strength Meter Suggests : 85% Sell
Trend : Strong Sell
Entry Levels : CMP, 1.3285
Profit Booking Levels : 1.3220, 1.3180
Stop Loss: 4H candle closing above 1.3500 


XAUUSD CMP : 1941
Composite Strength Meter Suggests : 52% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA

Forex cross pairs


EURGBP CMP : 0.9053
Composite Strength Meter Suggests : 74% Buy
Trend : Strong Buy
Entry Levels : 0.9032, 0.9010
Profit Booking Levels : 0.9065, 0.9095
Stop Loss: 4H candle closing below 0.8965


EURJPY CMP : 126.31
Composite Strength Meter Suggests : 85% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.80
Profit Booking Levels : 126.75, 127.18
Stop Loss: 4H candle closing below 123.70


GBPJPY CMP : 139.50
Composite Strength Meter Suggests : 77% Buy
Trend : Strong Buy
Entry Levels : CMP, 139.20
Profit Booking Levels : 139.90, 140.30
Stop Loss: $h Candle closing below 138.50


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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