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Today's Forex Market Update

  

Forex Market Update 10/08/20




EURUSD CMP : 1.1797
Composite Strength Meter Suggests : 77% Buy
Trend : Strong Buy
Entry Levels : 1.1730, 1680
Profit Booking Levels : 1.1870, 1.1950
Stop Loss: 4H candle closing below 1.1550


AUDUSD CMP : 0.7170
Composite Strength Meter Suggests : 78% Buy
Trend : Strong Buy
Entry Levels : 0.7120, 0.7080
Profit Booking Levels : 0.7220, 0.7280
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6609
Composite Strength Meter Suggests : 73% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6560
Profit Booking Levels : 0.6660, 0.6730
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.3068
Composite Strength Meter Suggests : 73% Buy
Trend : Strong Buy
Entry Levels : 1.2990, 1.2930
Profit Booking Levels :  1.3140, 1.3225
Stop Loss: 4H closing below 1.2850


USDJPY CMP : 105.76
Composite Strength Meter Suggests : 70% Sell
Trend : Strong Sell
Entry Levels : 106.20, 106.45
Profit Booking Levels : 105.30, 105.15
Stop Loss: 4H candle closing above 106.50


USDCHF CMP : 0.9130
Composite Strength Meter Suggests : 79% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9160
Profit Booking Levels : 0.9030, 0.8990
Stop Loss: 4H candle closing above 0.9265


USDCAD CMP : 1.3368
Composite Strength Meter Suggests : 53% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA 


XAUUSD CMP : 2033
Composite Strength Meter Suggests : 65% Buy
Trend : Mild Buy - Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA

Forex cross pairs


EURGBP CMP : 0.9026
Composite Strength Meter Suggests : 67% Buy
Trend : Mild Buy - Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA


EURJPY CMP : 124.77
Composite Strength Meter Suggests : 84% Buy
Trend : Strong Buy
Entry Levels : CMP, 124.30
Profit Booking Levels : 125.70, 126.10
Stop Loss: 4H candle closing below 122.85


GBPJPY CMP : 138.20
Composite Strength Meter Suggests : 53% Buy
Trend : Neutral
Entry Levels : Avoid Trading
Profit Booking Levels : Avoid Trading
Stop Loss: NA


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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