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Forex Market Update 26/08/20

EURUSD CMP : 1.1818

Composite Strength Meter Suggests : 77% 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 : 0.7190

Composite Strength Meter Suggests : 77% Buy

Trend : Strong Buy

Entry Levels : 0.7180, 0.7150

Profit Booking Levels : 0.7210, 0.7230

Stop Loss: 4H candle closing below 0.6970

NZDUSD CMP : 0.6550

Composite Strength Meter Suggests : 75% Buy

Trend : Strong Buy

Entry Levels : 0.6535, 0.6510

Profit Booking Levels : 0.6580, 0.6600

Stop Loss: 4H candle closing below 0.6500

GBPUSD CMP : 1.3136

Composite Strength Meter Suggests : 80% Buy

Trend : Strong Buy

Entry Levels : CMP, 1.3060

Profit Booking Levels : 1.3175, 1.3225

Stop Loss: 4H candle closing below 1.2900

USDJPY CMP : 106.42

Composite Strength Meter Suggests : 55% Buy

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

USDCHF CMP : 0.9089

Composite Strength Meter Suggests : 85% Sell

Trend : Strong Sell

Entry Levels : CMP, 0.9115

Profit Booking Levels : 0.9050, 0.9020

Stop Loss: 4H candle closing above 0.9220

USDCAD CMP : 1.3174

Composite Strength Meter Suggests : 90% Sell

Trend : Strong Sell

Entry Levels : 1.3190, 1.3236

Profit Booking Levels : 1.3140, 1.3110

Stop Loss: 4H candle closing above 1.3375 

XAUUSD CMP : 1926

Composite Strength Meter Suggests : 56% Sell

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

Forex cross pairs

EURGBP CMP : 0.8996

Composite Strength Meter Suggests : 69% Buy

Trend : Mild Buy

Entry Levels : CMP, 0.8980

Profit Booking Levels : 0.9035, 0.9060

Stop Loss: 4H candle closing below 0.8968

EURJPY CMP : 125.78

Composite Strength Meter Suggests : 90% Buy

Trend : Strong Buy

Entry Levels : CMP, 125.55

Profit Booking Levels : 126.20, 126.60

Stop Loss: 4H candle closing below 124.35

GBPJPY CMP : 139.82

Composite Strength Meter Suggests : 80% Buy

Trend : Strong Buy

Entry Levels : CMP, 139.33

Profit Booking Levels : 140.40, 141

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