Forex Market Update 16/09/20
EURUSD CMP : 1.1847
Composite Strength Meter Suggests : 74% Buy
Trend : Strong Buy
Entry Levels : 1.1820, 1.1805
Profit Booking Levels : 1.1890, 1.1920
Stop Loss: 4H candle closing below 1.1725
AUDUSD CMP : 0.7315
Composite Strength Meter Suggests : 86% Buy
Trend : Strong Buy
Entry Levels : 0.7300, 0.7275
Profit Booking Levels : 0.7340, 0.7380
Stop Loss: 4H candle closing below 0.7150
NZDUSD CMP : 0.6730
Composite Strength Meter Suggests : 87% Buy
Trend : Strong Buy
Entry Levels : 0.6710, 0.6680
Profit Booking Levels : 0.6740, 0.6775
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.2906
Composite Strength Meter Suggests : 50% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDJPY CMP : 105.29
Composite Strength Meter Suggests : 69% Sell
Trend : Neutral - Mild Sell
Entry Levels : Wait for 1 more day for clear trend
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9078
Composite Strength Meter Suggests : 69% Sell
Trend : Strong Sell
Entry Levels : Wait for 1 more day for clear trend
Profit Booking Levels : NA
Stop Loss: NA
USDCAD CMP : 1.3171
Composite Strength Meter Suggests : 76% Sell
Trend : Strong Sell
Entry Levels : CMP,1.3195
Profit Booking Levels : 1.3130, 1.3090
Stop Loss: 4H candle closing above 1.3225
XAUUSD CMP : 1959
Composite Strength Meter Suggests : 55% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels :NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.9179
Composite Strength Meter Suggests : 84% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.9145
Profit Booking Levels : 0.9240, 0.9280
Stop Loss: 1H Candle closing below 0.8990
EURJPY CMP : 124.74
Composite Strength Meter Suggests : 69% Buy
Entry Levels : Wait for 1 more day for clear trend
Profit Booking Levels : NA
Stop Loss: NA
GBPJPY CMP : 135.88
Composite Strength Meter Suggests : 54% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels :NA
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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