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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 10777 pip
Closed trade(s): 3241 pip Profit
Open trade(s): 7536 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 85.68(current price) - 73.12(open price) = 1256 pip
6 trade(s) still open, therefore total profit for open trade(s) is 1256 x 6 = 7536 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.

DateSeptember 13, 2020 - 15:46
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 72.50, resumption of uptrend is expected.
  • We make sure when the resistance at 96.50 breaks.
  • If the support at 72.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 74.09 on 09/05/2020, so more gains maximum to Major Resistance (96.50) 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 49.

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) new Mon, 19 Oct 2020
Monero (XMRUSD) free Sun, 11 Oct 2020
Monero (XMRUSD) free Tue, 6 Oct 2020
Monero (XMRUSD) Sun, 13 Sep 2020
Monero (XMRUSD) Mon, 31 Aug 2020