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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 3410 point
Closed trade(s): 719 point Profit
Open trade(s): 2691 point Profit

Trade Setup:
We opened 11 BUY trade(s) @ 59.18 based on 'Valley' entry method at 2019.10.25.

Closed Profit:
TP1 @ 60.05 touched at 2019.10.26 with 87 point Profit.
TP2 @ 65.50 touched at 2019.10.26 with 632 point Profit.
87 + 632 = 719 point

Open Profit:
Profit for one trade is 62.17(current price) - 59.18(open price) = 299 point
9 trade(s) still open, therefore total profit for open trade(s) is 299 x 9 = 2691 point

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.

DateNovember 12, 2019 - 22:20
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 38.50, resumption of uptrend is expected.
  • We make sure when the resistance at 65.50 breaks.
  • If the support at 38.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 67.30 on 11/07/2019, so more losses to support(s) 60.05, 54.25, 48.00 and minimum to Major Support (38.50) 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 54.

Take Profits:

  1. 60.05
  2. 65.50
  3. 72.10
  4. 82.15
  5. 97.20
  6. 114.85
  7. 137.95
  8. 168.70
  9. 230.10
  10. 298.90
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) new Sun, 5 Jul 2020
Monero (XMRUSD) Sun, 28 Jun 2020
Monero (XMRUSD) Mon, 22 Jun 2020
Monero (XMRUSD) Mon, 15 Jun 2020
Monero (XMRUSD) Mon, 8 Jun 2020