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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Monero technical chart
Symbol XMRUSD

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Trade Setup
#XMRUSD
Total Profit: 37276 pip
Closed trade(s): 19780 pip Profit
Open trade(s): 17496 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 50.70 based on 'Hammer' entry method at 2019.03.12.

Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 600 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1480 pip Profit.
TP3 @ 76.30 touched at 2019.05.11 with 2560 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3795 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 4930 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6415 pip Profit.
600 + 1480 + 2560 + 3795 + 4930 + 6415 = 19780 pip

Open Profit:
Profit for one trade is 72.57(current price) - 50.70(open price) = 2187 pip
8 trade(s) still open, therefore total profit for open trade(s) is 2187 x 8 = 17496 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 65.50 is broken, we will close open trades.
  • Price may also reach 65.50, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateMon, 09/16/2019 - 15:20
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 65.50, resumption of uptrend is expected.
  • We make sure when the resistance at 120.95 breaks.
  • If the support at 65.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 65.50 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 69.50 on 09/11/2019, so more gains to resistance(s) 76.30, 88.65, 100.00 and maximum to Major Resistance (120.95) 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 43.

Take Profits:

  1. 56.70
  2. 65.50
  3. 76.30
  4. 88.65
  5. 100.00
  6. 114.85
  7. 137.95
  8. 149.10
  9. 168.70
  10. 230.10
  11. 298.90
  12. 372.35
  13. 447.10
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) new Sun, 31 May 2020
Monero (XMRUSD) Mon, 25 May 2020
Monero (XMRUSD) Sun, 10 May 2020
Monero (XMRUSD) Sun, 3 May 2020
Monero (XMRUSD) Sun, 26 Apr 2020