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Forex Market Update 19/08/20




EURUSD CMP : 1.1939
Composite Strength Meter Suggests : 89% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.1875
Profit Booking Levels : 1.1980, 1.2025
Stop Loss: 4H candle closing below 1.1725


AUDUSD CMP : 0.7239
Composite Strength Meter Suggests : 90% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7209
Profit Booking Levels : 0.7265, 0.7295
Stop Loss: 4H candle closing below 0.6970


NZDUSD CMP : 0.6606
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6575
Profit Booking Levels : 0.6626, 0.6646
Stop Loss: 4H candle closing below 0.6500


GBPUSD CMP : 1.3244
Composite Strength Meter Suggests : 88% Buy
Trend : Strong Buy
Entry Levels : CMP, 1.3190, 1.3140
Profit Booking Levels : 1.3285, 1.3335
Stop Loss: 4H candle closing below 1.3000


USDJPY CMP : 105.50
Composite Strength Meter Suggests : 71% Sell
Trend : Mild Sell
Entry Levels : CMP, 105.80
Profit Booking Levels : 105.10, 104.80
Stop Loss: 1H candle closing above 106.25


USDCHF CMP : 0.9035
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9060
Profit Booking Levels : 0.9000, 0.8975
Stop Loss: 4H candle closing above 0.9265


USDCAD CMP : 1.3160
Composite Strength Meter Suggests : 90% Sell
Trend : Strong Sell
Entry Levels : CMP, 1.3200
Profit Booking Levels : 1.3145, 1.3110
Stop Loss: 4H candle closing above 1.3375 


XAUUSD CMP : 1995
Composite Strength Meter Suggests : 55% Buying
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA

Forex cross pairs


EURGBP CMP : 0.9013
Composite Strength Meter Suggests : 71% Buy
Trend : Mild Buy
Entry Levels : CMP, 0.9000
Profit Booking Levels : 0.9050, 0.9080
Stop Loss: 4H candle closing below 0.8965


EURJPY CMP : 125.90
Composite Strength Meter Suggests : 79% Buy
Trend : Strong Buy
Entry Levels : 125.60, 125.35
Profit Booking Levels : 126.10, 126.50
Stop Loss: 4H candle closing below 124.35


GBPJPY CMP : 139.69
Composite Strength Meter Suggests : 73% Buy
Trend : Mild Buy
Entry Levels : 139.40, 139.10
Profit Booking Levels : 140
Stop Loss: 4H candle closing below 137.60


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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