Latest FX Updates

               

Forex Market Update 27/08/20

EURUSD CMP : 1.1831

Composite Strength Meter Suggests : 77% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1780

Profit Booking Levels : 1.1860, 1.1880, 1.1900
Stop Loss: 4H candle closing below 1.1725

    

AUDUSD CMP : 0.7236

Composite Strength Meter Suggests : 84% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.7214

Profit Booking Levels : 0.7260, 0.7280

Stop Loss: 4H candle closing below 0.6970

NZDUSD CMP : 0.6626

Composite Strength Meter Suggests : 83% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.6585

Profit Booking Levels : 0.6675, 0.6725

Stop Loss: 4H candle closing below 0.6500

GBPUSD CMP : 1.3207

Composite Strength Meter Suggests : 82% Buy

Trend : Strong Buy

Entry Levels : CMP, 1.3180

Profit Booking Levels : 1.3250, 1.3285

Stop Loss: 4H candle closing below 1.2900

USDJPY CMP : 105.96

Composite Strength Meter Suggests : 60% Sell

Trend : Neutral - Mild Sell

Entry Levels : CMP, 106.20

Profit Booking Levels : 105.80, 105.60, 105.30

Stop Loss: 1H Candle closing above 106.50

USDCHF CMP : 0.9079

Composite Strength Meter Suggests : 80% Sell

Trend : Strong Sell

Entry Levels : CMP, 0.9105

Profit Booking Levels : 0.9060, 0.9040

Stop Loss: 4H candle closing above 0.9220

USDCAD CMP : 1.3146

Composite Strength Meter Suggests : 86% Sell

Trend : Strong Sell

Entry Levels : CMP, 1.3170

Profit Booking Levels : 1.3115, 1.3085

Stop Loss: 4H candle closing above 1.3375 

XAUUSD CMP : 1943

Composite Strength Meter Suggests : 55% Buy

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

Forex cross pairs

EURGBP CMP : 0.8956

Composite Strength Meter Suggests : 58% Sell

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

EURJPY CMP : 125.37

Composite Strength Meter Suggests : 83% Buy

Trend : Strong Buy

Entry Levels : CMP, 125.10

Profit Booking Levels : 126.00, 126.50

Stop Loss: 4H candle closing below 124.35

GBPJPY CMP : 139.97

Composite Strength Meter Suggests : 84% Buy

Trend : Strong Buy

Entry Levels : CMP, 139.60

Profit Booking Levels : 140.40, 140.65

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