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Weekly forecast OmiseGO technical chart
Symbol OMGUSD

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Trade Setup
#OMGUSD
Total Profit: 282278 pip
Closed trade(s): 160902 pip Profit
Open trade(s): 121376 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 0.7722 based on 'Valley' entry method at 2020.04.29.

Closed Profit:
TP1 @ 0.8025 touched at 2020.04.30 with 303 pip Profit.
TP2 @ 0.9680 touched at 2020.05.14 with 1958 pip Profit.
TP3 @ 1.0865 touched at 2020.05.19 with 3143 pip Profit.
TP4 @ 1.2890 touched at 2020.05.21 with 5168 pip Profit.
TP5 @ 1.4520 touched at 2020.05.21 with 6798 pip Profit.
TP6 @ 2.4790 touched at 2020.08.16 with 17068 pip Profit.
TP7 @ 3.2285 touched at 2020.08.17 with 24563 pip Profit.
TP8 @ 5.1050 touched at 2020.08.20 with 43328 pip Profit.
TP9 @ 6.6295 touched at 2020.08.21 with 58573 pip Profit.
303 + 1958 + 3143 + 5168 + 6798 + 17068 + 24563 + 43328 + 58573 = 160902 pip

Open Profit:
Profit for one trade is 3.8066(current price) - 0.7722(open price) = 30344 pip
4 trade(s) still open, therefore total profit for open trade(s) is 30344 x 4 = 121376 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 1.8935 is broken, we will close open trades.

DateSeptember 13, 2020 - 15:41
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.8935, resumption of uptrend is expected.
  • We make sure when the resistance at 6.6295 breaks.
  • If the support at 1.8935 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.8935 is broken.

Technical analysis:

  • A peak is formed in daily chart at 9.4660 on 08/21/2020, so more losses to support(s) 3.2285, 2.4790, 2.2190 and minimum to Major Support (1.8935) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 0.8025
  2. 0.9680
  3. 1.0865
  4. 1.2890
  5. 1.4520
  6. 2.4790
  7. 3.2285
  8. 5.1050
  9. 6.6295
  10. 13.4145
  11. 20.7460
  12. 28.3665
Click on the level to view price action history.

Symbol Released Current Forecast
OmiseGO (OMGUSD) Mon, 26 Oct 2020
OmiseGO (OMGUSD) free Sun, 18 Oct 2020
OmiseGO (OMGUSD) Sun, 11 Oct 2020
OmiseGO (OMGUSD) Tue, 6 Oct 2020
OmiseGO (OMGUSD) Sun, 13 Sep 2020