website utilities


Follow us:
+1 64 64 8000 31 (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 NEM technical chart
Symbol XEMUSD

Download MT4 template file

Trade Setup

#XEMUSDT
Total Profit: 2834 pip (198%)
Closed trade(s): 260 pip Profit (18%)
Open trade(s): 2574 pip Profit (180%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.1440 based on 'Valley' entry method at 2021.07.23.

Closed Profit:
TP1 @ 0.1700 touched at 2021.07.26 with 260 pip Profit (18%).

Open Profit:
Profit for one trade is 0.1726(current price) - 0.1440(open price) = 286 pip (20%)
9 trade(s) still open, therefore total profit for open trade(s) is 286 (20%) x 9 = 2574 pip (180%)

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.

DateJuly 31, 2021 - 13:48
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.08500, beginning of uptrend is expected.
  • We make sure when the resistance at 0.30700 breaks.
  • If the support at 0.08500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.11 on 07/20/2021, so more gains to resistance(s) 0.22, 0.25 and maximum to Major Resistance (0.31) 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 67.

Take Profits:

  1. 0.17
  2. 0.22
  3. 0.25
  4. 0.31
  5. 0.36
  6. 0.42
  7. 0.53
  8. 0.70
  9. 0.87
Click on the level to view price action history.

Symbol Released Current Forecast
NEM (XEMUSD) new Sun, 17 Mar 2024
NEM (XEMUSD) Sun, 10 Mar 2024
NEM (XEMUSD) Sun, 3 Mar 2024
NEM (XEMUSD) Sat, 24 Feb 2024
NEM (XEMUSD) Tue, 20 Feb 2024