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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 37694 pip
Closed trade(s): 8024 pip Profit
Open trade(s): 29670 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 132.46(current price) - 73.12(open price) = 5934 pip
5 trade(s) still open, therefore total profit for open trade(s) is 5934 x 5 = 29670 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 96.50 is broken, we will close open trades.
  • Price may also reach 96.50, 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 25, 2020 - 16:54
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 96.50 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 96.50 is broken.

Technical analysis:

  • A trough is formed in daily chart at 116.56 on 10/21/2020, 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 65.

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) Tue, 1 Dec 2020
Monero (XMRUSD) Wed, 25 Nov 2020
Monero (XMRUSD) Tue, 17 Nov 2020
Monero (XMRUSD) Sun, 8 Nov 2020
Monero (XMRUSD) Sun, 1 Nov 2020