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Today's Forex Trends & Levels Updates 03/08/2020

Forex Majors today's review


EURUSD CMP : 1.1772
Composite Strength Meter Suggests : 83% Buy
Trend : Strong Buy
Entry Levels : 1.1725, 1.1675
Profit Booking Levels : 1.1860, 1.1960
Stop Loss: 4H candle closing below 1.1550


AUDUSD CMP : 0.7135
Composite Strength Meter Suggests : 81% Buy
Trend : Strong Buy
Entry Levels : 0.7100, 0.7070
Profit Booking Levels : 0.7200, 0.7260
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6631
Composite Strength Meter Suggests : 76% Buy
Trend : Strong Buy
Entry Levels : 0.6600, 0.6560
Profit Booking Levels : 0.6680, 0.6750
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.3090
Composite Strength Meter Suggests : 85% Buy
Trend : Strong Buy
Entry Levels : 1.3035, 1.2995
Profit Booking Levels :  1.3150, 1.3200
Stop Loss: 1H closing below 1.2850


USDJPY CMP : 105.82
Composite Strength Meter Suggests : 64% Sell
Trend : Mild Sell
Entry Levels : CMP, 106.30
Profit Booking Levels : 105.38, 104.70
Stop Loss: 4H candle closing above 106.50


USDCHF CMP : 0.9148
Composite Strength Meter Suggests : 81% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9175
Profit Booking Levels : 0.9080, 0.9020
Stop Loss: 4H candle closing above 0.9285


USDCAD CMP : 1.3407
Composite Strength Meter Suggests : 65% Sell
Trend : Mild Sell
Entry Levels : CMP, 1.3453
Profit Booking Levels : 1.3370, 1.3330
Stop Loss: 1H candle closing above 1.3460 


XAUUSD CMP : 1973
Composite Strength Meter Suggests : 80% Buy
Trend : Strong Buy 
Entry Levels : 1955-1935
Profit Booking Levels : 1988, 2002
Stop Loss: 4H candle closing below 1865

Forex cross pairs


EURGBP CMP : 0.8992
Composite Strength Meter Suggests : 64% Buy
Trend : Mild Buy
Entry Levels : CMP, 0.8965
Profit Booking Levels : 0.9050, 0.9100
Stop Loss: 4H candle closing below 0.8965


EURJPY CMP : 124.60
Composite Strength Meter Suggests : 91% Buy
Trend : Strong Buy
Entry Levels : CMP, 123.90
Profit Booking Levels : 125.30, 125.90
Stop Loss: 4H candle closing below 121.70


GBPJPY CMP : 138.55
Composite Strength Meter Suggests : 59% 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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