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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

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