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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 33114 pip
Closed trade(s): 8024 pip Profit
Open trade(s): 25090 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.
TP3 @ 120.95 touched at 2020.10.11 with 4783 pip Profit.
903 + 2338 + 4783 = 8024 pip

Open Profit:
Profit for one trade is 123.30(current price) - 73.12(open price) = 5018 pip
5 trade(s) still open, therefore total profit for open trade(s) is 5018 x 5 = 25090 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 96.5 is broken, we will close open trades.
  • Price may also reach 96.5, 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.
DateOctober 11, 2020 - 21:33
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 96.5 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 96.5 is broken.

Technical analysis:

  • The RSI resistance #1 at 68 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 93.62 on 10/02/2020, so more gains to resistance(s) 137.95, 149.10, 168.70 and more heights 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 76.

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.