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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 4089 pip
Closed trade(s): 701 pip Profit
Open trade(s): 3388 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 6.83 based on 'Valley' entry method at 2020.03.31.

Closed Profit:
TP1 @ 7.80 touched at 2020.04.07 with 97 pip Profit.
TP2 @ 9.35 touched at 2020.04.30 with 252 pip Profit.
TP3 @ 10.35 touched at 2020.05.08 with 352 pip Profit.
97 + 252 + 352 = 701 pip

Open Profit:
Profit for one trade is 9.91(current price) - 6.83(open price) = 308 pip
11 trade(s) still open, therefore total profit for open trade(s) is 308 x 11 = 3388 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMay 25, 2020 - 20:07
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 4.00, beginning of uptrend is expected.
  • We make sure when the resistance at 10.65 breaks.
  • If the support at 4.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 10.67 on 05/22/2020, so more losses to support(s) 9.35, 7.80, 6.65 and minimum to Major Support (4.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 7.80
  2. 9.35
  3. 10.35
  4. 12.45
  5. 13.40
  6. 16.70
  7. 19.70
  8. 30.50
  9. 44.60
  10. 68.90
  11. 88.10
  12. 108.10
  13. 197.90
Click on the level to view price action history.

Symbol Released Current Forecast
NEO (NEOUSD) Sun, 5 Jul 2020
NEO (NEOUSD) free Sun, 28 Jun 2020
NEO (NEOUSD) Mon, 22 Jun 2020
NEO (NEOUSD) Mon, 15 Jun 2020
NEO (NEOUSD) free Mon, 8 Jun 2020