website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast OmiseGO technical chart
Symbol OMGUSD

Download MT4 template file

Trade Setup
#OMGUSD
Total Profit: 309622 pip (4008%)
Closed trade(s): 160902 pip Profit (2084%)
Open trade(s): 148720 pip Profit (1924%)

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 (4%).
TP2 @ 0.9680 touched at 2020.05.14 with 1958 pip Profit (25%).
TP3 @ 1.0865 touched at 2020.05.19 with 3143 pip Profit (41%).
TP4 @ 1.2890 touched at 2020.05.21 with 5168 pip Profit (67%).
TP5 @ 1.4520 touched at 2020.05.21 with 6798 pip Profit (88%).
TP6 @ 2.4790 touched at 2020.08.16 with 17068 pip Profit (221%).
TP7 @ 3.2285 touched at 2020.08.17 with 24563 pip Profit (318%).
TP8 @ 5.1050 touched at 2020.08.20 with 43328 pip Profit (561%).
TP9 @ 6.6295 touched at 2020.08.21 with 58573 pip Profit (759%).
303 (4%) + 1958 (25%) + 3143 (41%) + 5168 (67%) + 6798 (88%) + 17068 (221%) + 24563 (318%) + 43328 (561%) + 58573 (759%) = 160902 pip (2084%)

Open Profit:
Profit for one trade is 4.4902(current price) - 0.7722(open price) = 37180 pip (481%)
4 trade(s) still open, therefore total profit for open trade(s) is 37180 (481%) x 4 = 148720 pip (1924%)

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 3.2285 is broken, we will close open trades.

DateNovember 25, 2020 - 22:30
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 3.2285 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 3.2285 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 2.6086 on 11/04/2020, so more gains to resistance(s) 5.1050, 6.6295, 10.3730 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 68.

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) Wed, 13 Jan 2021
OmiseGO (OMGUSD) Tue, 5 Jan 2021
OmiseGO (OMGUSD) Mon, 21 Dec 2020
OmiseGO (OMGUSD) Tue, 8 Dec 2020
OmiseGO (OMGUSD) free Tue, 1 Dec 2020