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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 15529 pip
Closed trade(s): 3241 pip Profit
Open trade(s): 12288 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 73.12 based on 'Valley' entry method at 2020.07.23.

Closed Profit:
TP1 @ 82.15 touched at 2020.07.28 with 903 pip Profit.
TP2 @ 96.50 touched at 2020.08.18 with 2338 pip Profit.
903 + 2338 = 3241 pip

Open Profit:
Profit for one trade is 93.60(current price) - 73.12(open price) = 2048 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2048 x 6 = 12288 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.
DateAugust 31, 2020 - 21:04
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 72.5 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 105.60 on 08/21/2020, so more losses to support(s) 82.15 and minimum to Major Support (72.50) 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 55.

Take Profits:

  1. 82.15
  2. 96.50
  3. 120.95
  4. 137.95
  5. 168.70
  6. 230.10
  7. 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
History
Daily-Trading-Opportunities on XMRUSD.