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Forex Market Update 28/08/20

EURUSD CMP : 1.1845

Composite Strength Meter Suggests : 72% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1805

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

    

AUDUSD CMP : 0.7289

Composite Strength Meter Suggests : 89% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.7250

Profit Booking Levels : 0.7325, 0.7350

Stop Loss: 4H candle closing below 0.6970

NZDUSD CMP : 0.6660

Composite Strength Meter Suggests : 80% Buy

Trend : Strong Buy

Entry Levels : CMP, 0.6630

Profit Booking Levels : 0.6700, 0.6740

Stop Loss: 4H candle closing below 0.6500

GBPUSD CMP : 1.3243

Composite Strength Meter Suggests : 85% Buy

Trend : Strong Buy

Entry Levels : CMP, 1.3180

Profit Booking Levels : 1.3330, 1.3380

Stop Loss: 4H candle closing below 1.2900

USDJPY CMP : 106.90

Composite Strength Meter Suggests : 54% Buy

Trend : Neutral 

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

USDCHF CMP : 0.9076

Composite Strength Meter Suggests : 79% 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 : 1.3110

Composite Strength Meter Suggests : 90% Sell

Trend : Strong Sell

Entry Levels : CMP, 1.3140

Profit Booking Levels : 1.3070, 1.3040

Stop Loss: 4H candle closing above 1.3375 

XAUUSD CMP : 1936

Composite Strength Meter Suggests : 55% Buy

Trend : Neutral

Entry Levels : Avoid

Profit Booking Levels : NA

Stop Loss: NA

Forex cross pairs

EURGBP CMP : 0.8949

Composite Strength Meter Suggests : 60% Sell

Trend : Neutral - Mild Sell

Entry Levels : CMP, 0.8970

Profit Booking Levels : 0.8930

Stop Loss: 1 Hr closing above 0.8990

EURJPY CMP : 126.68

Composite Strength Meter Suggests : 89% Buy

Trend : Strong Buy

Entry Levels : 125.80

Profit Booking Levels : 127, 127.50

Stop Loss: 4H candle closing below 124.35

GBPJPY CMP : 141.59

Composite Strength Meter Suggests : 86% Buy

Trend : Strong Buy

Entry Levels : 140.40

Profit Booking Levels : 142.2, 143

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