Forex Market Update 20/08/20
EURUSD CMP : 1.1851
Composite Strength Meter Suggests : 71% Buy
Trend : Strong Buy
Entry Levels : CMP
Trend : Strong Buy
Entry Levels : CMP
Profit Booking Levels : 1.1900, 1.1935
Stop Loss: 4H candle closing below 1.1725
Stop Loss: 4H candle closing below 1.1725
AUDUSD CMP : 0.7186
Composite Strength Meter Suggests : 78% Buy
Trend : Strong Buy
Entry Levels : CMP
Profit Booking Levels : 0.7240, 0.7260
Stop Loss: 4H candle closing below 0.6970
NZDUSD CMP : 0.6569
Composite Strength Meter Suggests : 71% Buy
Trend : Strong Buy
Entry Levels : CMP
Profit Booking Levels : 0.6615, 0.6640
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.3105
Composite Strength Meter Suggests : 63% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDJPY CMP : 106.05
Composite Strength Meter Suggests : 53% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9142
Composite Strength Meter Suggests : 72% Sell
Trend : Strong Sell
Entry Levels : CMP
Profit Booking Levels : 0.9090, 0.9050
Stop Loss: 4H candle closing above 0.9265
USDCAD CMP : 1.3217
Composite Strength Meter Suggests : 79% Sell
Trend : Strong Sell
Entry Levels : CMP
Profit Booking Levels : 1.3145, 1.3110
Stop Loss: 4H candle closing above 1.3375
XAUUSD CMP : 1950
Composite Strength Meter Suggests : 58% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.9042
Composite Strength Meter Suggests : 78% Buy
Trend : Mild Buy
Entry Levels : 0.9025, 0.9005
Profit Booking Levels : 0.9060
Stop Loss: 4H candle closing below 0.8965
EURJPY CMP : 125.69
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.38
Profit Booking Levels : 126.10, 126.50
Stop Loss: 4H candle closing below 124.35
GBPJPY CMP : 139.00
Composite Strength Meter Suggests : 61% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
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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