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Forex Market Update 31/08/20




EURUSD CMP : 1.1913
Composite Strength Meter Suggests : 89% Buy
Trend : Strong Buy
Entry Levels : 1.1880, 1.1830
Profit Booking Levels : 1.1950, 1.2000
Stop Loss: 4H candle closing below 1.1725
    

AUDUSD CMP : 0.7364
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : 0.7330, 0.7280
Profit Booking Levels : 0.7400, 0.7450
Stop Loss: 4H candle closing below 0.7150


NZDUSD CMP : 0.6737
Composite Strength Meter Suggests : 90% Buy
Trend : Strong Buy
Entry Levels : 0.6700, 0.6660
Profit Booking Levels : 0.6800, 0.6830
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.3352
Composite Strength Meter Suggests : 87% Buy
Trend : Strong Buy
Entry Levels : 1.3300, 1.3250
Profit Booking Levels : 1.3400, 1.3450
Stop Loss: 4H candle closing below 1.2900


USDJPY CMP : 105.47
Composite Strength Meter Suggests : 62% Sell
Trend : Neutral - Mild Sell
Entry Levels : 105.70, 106.30
Profit Booking Levels : 104.70, 104.30
Stop Loss: 4H candle closing above 106.95


USDCHF CMP : 0.9039
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : 0.9050, 0.9080
Profit Booking Levels : 0.9010, 0.8980
Stop Loss: 4H candle closing above 0.9220


USDCAD CMP : 1.3076
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : 1.3100, 1.3130
Profit Booking Levels : 1.3050, 1.3000
Stop Loss: 4H candle closing above 1.3375 


XAUUSD CMP : 1969
Composite Strength Meter Suggests : 62% Buy
Trend : Neutral - Mild Buy
Entry Levels : 1950
Profit Booking Levels : 1985, 2006
Stop Loss: 1H candle closing below 1900

Forex cross pairs


EURGBP CMP : 0.8918
Composite Strength Meter Suggests : 60% Sell
Trend : Neutral - Mild Sell
Entry Levels : 0.8935, 0.8960
Profit Booking Levels : 0.8890
Stop Loss: 1 Hr closing above 0.8990


EURJPY CMP : 125.65
Composite Strength Meter Suggests : 88% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.30
Profit Booking Levels : 126.40
Stop Loss: 4H candle closing below 124.35


GBPJPY CMP : 140.90
Composite Strength Meter Suggests : 71% Buy
Trend : Strong Buy
Entry Levels : CMP, 140.00
Profit Booking Levels : 141.50, 142.30
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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