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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
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Please note that there is strong possibility of increased volatility on the day of the announcement which is very likely to affect GBP instruments.
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.

Trend Hunter performance since 2015 for this symbol

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Weekly forecast Monero technical chart
Symbol XMRUSD

Download MT4 template file

Trade Setup
#XMRUSD
Total Profit: 39092 pip
Closed trade(s): 4640 pip Profit
Open trade(s): 34452 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 50.70 based on 'Hammer' entry method at 2019.03.12.

Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 600 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1480 pip Profit.
TP3 @ 76.30 touched at 2019.05.11 with 2560 pip Profit.
600 + 1480 + 2560 = 4640 pip

Open Profit:
Profit for one trade is 82.02(current price) - 50.70(open price) = 3132 pip
11 trade(s) still open, therefore total profit for open trade(s) is 3132 x 11 = 34452 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 60.05 is broken, we will close open trades.

DateTue, 05/14/2019 - 11:38
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 60.05, beginning of uptrend is expected.
  • We make sure when the resistance at 82.50 breaks.
  • If the support at 60.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 60.05 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 46 and it prevented price from more losses.
  • A trough is formed in daily chart at 65.40 on 05/09/2019, so more gains maximum to Major Resistance (82.50) 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 72.

Take Profits:

  1. 56.70
  2. 65.50
  3. 76.30
  4. 88.65
  5. 100.00
  6. 114.85
  7. 137.95
  8. 149.10
  9. 168.70
  10. 230.10
  11. 298.90
  12. 372.35
  13. 447.10
Click on the level to view price action history.

Symbol Released Current Forecast
Monero (XMRUSD) Sat, 20 Jul 2019
Monero (XMRUSD) Sat, 13 Jul 2019
Monero (XMRUSD) Sat, 6 Jul 2019
Monero (XMRUSD) free Thu, 20 Jun 2019
Monero (XMRUSD) free Tue, 11 Jun 2019