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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: -10615 pip
Closed trade(s): 0 pip Profit
Open trade(s): -10615 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 55.69 based on 'Valley' entry method at 2019.11.27.

Open Profit:
Profit for one trade is 46.04(current price) - 55.69(open price) = -965 pip
11 trade(s) still open, therefore total profit for open trade(s) is -965 x 11 = -10615 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.

DateDecember 30, 2019 - 14:03
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 38.5, resumption of uptrend is expected.
  • We make sure when the resistance at 65.5 breaks.
  • If the support at 38.5 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 25 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 67.30 on 11/07/2019, so more losses to support(s) 41.70 and minimum to Major Support (38.50) 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 39.

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) Mon, 4 Mar 2024
Monero (XMRUSD) Sun, 4 Feb 2024
Monero (XMRUSD) Sun, 28 Jan 2024
Monero (XMRUSD) Sun, 21 Jan 2024
Monero (XMRUSD) Mon, 15 Jan 2024