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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) free Tue, 14 May 2019
Monero (XMRUSD) free Tue, 7 May 2019
Monero (XMRUSD) Mon, 29 Apr 2019
Monero (XMRUSD) Mon, 22 Apr 2019
Monero (XMRUSD) Tue, 16 Apr 2019