Forex Market Update 07/09/20
EURUSD CMP : 1.1832
Composite Strength Meter Suggests : 70% Buy
Trend : Mild Buy
Entry Levels : CMP, 1.1790
Trend : Mild Buy
Entry Levels : CMP, 1.1790
Profit Booking Levels : 1.1910, 1.1980
Stop Loss: 4H candle closing below 1.1725
AUDUSD CMP : 0.7284
Composite Strength Meter Suggests : 75% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.7240
Profit Booking Levels : 0.7320, 0.7370
Stop Loss: 4H candle closing below 0.7150
NZDUSD CMP : 0.6706
Composite Strength Meter Suggests : 77% Buy
Trend : Strong Buy
Entry Levels : CMP, 0.6670
Profit Booking Levels : 0.6750, 0.6800
Stop Loss: 4H candle closing below 0.6500
GBPUSD CMP : 1.3238
Composite Strength Meter Suggests : 65% Buy
Trend : Mild Buy
Entry Levels : CMP, 1.3200
Profit Booking Levels : 1.3340, 1.3385
Stop Loss: 4H candle closing below 1.3125
USDJPY CMP : 106.28
Composite Strength Meter Suggests : 53% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
USDCHF CMP : 0.9139
Composite Strength Meter Suggests : 71% Sell
Trend : Strong Sell
Entry Levels : CMP, 0.9170
Profit Booking Levels : 0.9050,0.9020
Stop Loss: 4H candle closing above 0.9175
USDCAD CMP : 1.3082
Composite Strength Meter Suggests : 84% Sell
Trend : Strong Sell
Entry Levels : CMP,1.3120
Profit Booking Levels : 1.3020, 1.2975
Stop Loss: 4H candle closing above 1.3225
XAUUSD CMP : 1935
Composite Strength Meter Suggests : 57% Sell
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels :NA
Stop Loss: NA
Forex cross pairs
EURGBP CMP : 0.8938
Composite Strength Meter Suggests : 59% Buy
Trend : Neutral
Entry Levels : Avoid
Profit Booking Levels : NA
Stop Loss: NA
EURJPY CMP : 125.76
Composite Strength Meter Suggests : 72% Buy
Trend : Strong Buy
Entry Levels : CMP, 125.40
Profit Booking Levels : 126.35, 126.80
Stop Loss: 4H candle closing below 124.35
GBPJPY CMP : 140.69
Composite Strength Meter Suggests : 65% Buy
Trend : Mild Buy
Entry Levels : CMP, 140.30
Profit Booking Levels : 142.25, 142.50
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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