Latest Fx Updates

               Forex Market Update 12/10/20

EURUSD CMP : 1.1818
Composite Strength Meter Suggests : 73% Buy
Trend : Strong Buy 
Entry Levels : CMP
Profit Booking Levels : 1.1850, 1.1880
Stop Loss: 1H Candle closing below 1.1700

    

AUDUSD CMP : 0.7222

Composite Strength Meter Suggests : 72% Buy

Trend : Strong Buy
Entry Levels : CMP
Profit Booking Levels : 0.7270, 0.7300
Stop Loss: 1H Candle closing below 0.7100

NZDUSD CMP : 0.6661

Composite Strength Meter Suggests : 62% Buy

Trend : Mild Buy 
Entry Levels : CMP
Profit Booking Levels : 0.6700, 06740
Stop Loss: 1H Candle closing below 0.6500

GBPUSD CMP : 1.3030

Composite Strength Meter Suggests : 63% Buy

Trend : Mild Buy 
Entry Levels : 1.3000
Profit Booking Levels : 1.3090
Stop Loss: 30M Candle closing below 1.3000

USDJPY CMP : 105.52

Composite Strength Meter Suggests : 74% Sell

Trend : Strong Sell

Entry Levels : CMP, 105.75

Profit Booking Levels : 105.35

Stop Loss: 1H Candle closing above 106

USDCHF CMP : 0.9102

Composite Strength Meter Suggests : 88% Sell

Trend : Strong Sell
Entry Levels : CMP
Profit Booking Levels : 0.9060, 0.9040
Stop Loss: 4H Candle closing above 0.9300

USDCAD CMP : 1.3128

Composite Strength Meter Suggests : 91% Sell

Trend : Strong Sell
Entry Levels : CMP
Profit Booking Levels : 1.3080, 1.3040
Stop Loss: 1H Candle closing above 1.3275

XAUUSD CMP : 1927

Composite Strength Meter Suggests : 66% Buy

Trend : Mild Buy
Entry Levels : 1916
Profit Booking Levels : 1945

Stop Loss: 1H Candle closing below 1870

Forex cross pairs

EURGBP CMP : 0.9069

Composite Strength Meter Suggests : 67% Buy

Trend : Mild Buy

Entry Levels : CMP

Profit Booking Levels : 0.9115, 0.9145

Stop Loss: 4H candle closing below 0.9000

EURJPY CMP : 124.75

Composite Strength Meter Suggests : 84% Buy

Trend : Strong Buy 
Entry Levels : CMP
Profit Booking Levels : 125, 125.20
Stop Loss: 1H Candle closing below 124

GBPCHF CMP : 1.1862

Technical Strength Meter Suggests : 100% Sell

Trend : Strong Sell

Entry Levels : CMP

Profit Booking Levels :1.1810, 1.1760

Stop Loss: 4H Candle closing above 1.1983

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