Forex Market Update 17/09/20
EURUSD CMP : 1.1765
Composite Strength Meter Suggests : 69% Buy
Trend : Neutral - Mild Buy
Entry Levels : Wait for further clarity on trend
Profit Booking Levels : NA
Stop Loss: NA
AUDUSD CMP : 0.7274
Composite Strength Meter Suggests : 81% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7240
Profit Booking Levels : 0.7340, 0.7380
Stop Loss: 4H candle closing below 0.7150
NZDUSD CMP : 0.6692
Composite Strength Meter Suggests : 84% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6660
Profit Booking Levels : 0.6740, 0.6775
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.2925
Composite Strength Meter Suggests : 55% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDJPY CMP : 105.04
Composite Strength Meter Suggests : 86% Sell
Trend : Strong Sell
Entry Levels : CMP, 105.30
Profit Booking Levels : 104.60, 104.35
Stop Loss: NA
USDCHF CMP : 0.9125
Composite Strength Meter Suggests : 58% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCAD CMP : 1.3226
Composite Strength Meter Suggests : 71% Sell
Trend : Strong Sell
Entry Levels : CMP,1.3250
Profit Booking Levels : 1.3130, 1.3090
Stop Loss: 4H candle closing above 1.3225
XAUUSD CMP : 1944
Composite Strength Meter Suggests : 51% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels :NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.9102
Composite Strength Meter Suggests : 62% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
EURJPY CMP : 123.58
Composite Strength Meter Suggests : 52% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
GBPJPY CMP : 135.76
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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