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Forex Market Update 25/08/20

EURUSD CMP : 1.1802

Composite Strength Meter Suggests : 76% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1780

Profit Booking Levels : 1.1840, 1.1875, 1.1900
Stop Loss: 4H candle closing below 1.1725

    

AUDUSD CMP : 0.7168

Composite Strength Meter Suggests : 76% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.7148

Profit Booking Levels : 0.7200, 0.7225, 0.7250

Stop Loss: 4H candle closing below 0.6970

NZDUSD CMP : 0.6530

Composite Strength Meter Suggests : 70% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.6500

Profit Booking Levels : 0.6560, 0.6600

Stop Loss: 4H candle closing below 0.6500

GBPUSD CMP : 1.3100

Composite Strength Meter Suggests : 70% Buy

Trend : Strong Buy

Entry Levels : CMP, 1.3040

Profit Booking Levels : 1.3190, 1.3210

Stop Loss: 4H candle closing below 1.2900

USDJPY CMP : 105.95

Composite Strength Meter Suggests : 55% Sell

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

USDCHF CMP : 0.9117

Composite Strength Meter Suggests : 84% Sell

Trend : Strong Sell

Entry Levels : CMP, 0.9130

Profit Booking Levels : 0.9080, 0.9050

Stop Loss: 4H candle closing above 0.9220

USDCAD CMP : 1.3227

Composite Strength Meter Suggests : 80% Sell

Trend : Strong Sell

Entry Levels : CMP, 1.3250

Profit Booking Levels : 1.3160, 1.3100

Stop Loss: 4H candle closing above 1.3375 

XAUUSD CMP : 1935

Composite Strength Meter Suggests : 54% Sell

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

Forex cross pairs

EURGBP CMP : 0.9008

Composite Strength Meter Suggests : 73% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.8980

Profit Booking Levels : 0.9035, 0.9060

Stop Loss: 4H candle closing below 0.8968

EURJPY CMP : 125.06

Composite Strength Meter Suggests : 77% Buy

Trend : Strong Buy

Entry Levels : CMP, 124.80

Profit Booking Levels : 125.30, 125.65

Stop Loss: 4H candle closing below 124.35

GBPJPY CMP : 138.80

Composite Strength Meter Suggests : 60% Buy

Trend : Neutral - Mild Buy

Entry Levels : 138.55, 138.20

Profit Booking Levels : 139.30, 139.50

Stop Loss: 4H candle closing below 137.20

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