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Forex Market Update 18/08/20




EURUSD CMP : 1.1886
Composite Strength Meter Suggests : 90% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1860, 1.1835
Profit Booking Levels : 1.1910, 1.1940
Stop Loss: 4H candle closing below 1.1625


AUDUSD CMP : 0.7214
Composite Strength Meter Suggests : 90% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7175, 
Profit Booking Levels : 0.7240, 0.7265
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6543
Composite Strength Meter Suggests : 62% Buy
Trend : Neutral - Mild Buy
Entry Levels : Avoid
Profit Booking Levels :NA
Stop Loss: NA


GBPUSD CMP : 1.3126
Composite Strength Meter Suggests : 80% Buy
Trend : Strong Buy
Entry Levels : 1.3100, 1.3075
Profit Booking Levels : 1.3150, 1.3175
Stop Loss: 4H candle closing below 1.2875


USDJPY CMP : 105.65
Composite Strength Meter Suggests : 69% Sell
Trend : Neutral - Mild Sell
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA


USDCHF CMP : 0.9053
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : 0.9075, 0.9115
Profit Booking Levels : 0.9040, 0.9020
Stop Loss: 4H candle closing above 0.9265


USDCAD CMP : 1.3191
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : 1.3220, 1.3240
Profit Booking Levels : 1.3175, 1.3150
Stop Loss: 4H candle closing above 1.3500 


XAUUSD CMP : 1990
Composite Strength Meter Suggests : 56% Buying
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA

Forex cross pairs


EURGBP CMP : 0.9053
Composite Strength Meter Suggests : 80% 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 : 125.57
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.20
Profit Booking Levels : 126.25, 126.75
Stop Loss: 4H candle closing below 123.70


GBPJPY CMP : 138.69
Composite Strength Meter Suggests : 60% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : Avoid
Stop Loss: Avoid


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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