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Weekly forecast NEO technical chart
Symbol NEOUSD

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Trade Setup
#NEOUSD
Total Profit: 6613 pip
Closed trade(s): 1263 pip Profit
Open trade(s): 5350 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.
TP4 @ 12.45 touched at 2020.06.01 with 562 pip Profit.
97 + 252 + 352 + 562 = 1263 pip

Open Profit:
Profit for one trade is 12.18(current price) - 6.83(open price) = 535 pip
10 trade(s) still open, therefore total profit for open trade(s) is 535 x 10 = 5350 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.
  • If the Midterm level 9.35 is broken, we will close open trades.

DateJune 4, 2020 - 19:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 9.35 would begin in Midterm.
  • We will close our open trades, if the Midterm level 9.35 is broken.

Technical analysis:

  • A trough is formed in daily chart at 9.17 on 05/21/2020, so more gains to resistance(s) 12.45, 13.40, 16.70 and more heights 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 69.

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) Sat, 23 Mar 2024
NEO (NEOUSD) free Sun, 17 Mar 2024
NEO (NEOUSD) Sun, 10 Mar 2024
NEO (NEOUSD) free Sun, 3 Mar 2024
NEO (NEOUSD) Sat, 24 Feb 2024