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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Monero technical chart
Symbol XMRUSD

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Trade Setup
#XMRUSD
Total Profit: 46005 pip
Closed trade(s): 8435 pip Profit
Open trade(s): 37570 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.
TP4 @ 88.65 touched at 2019.05.15 with 3795 pip Profit.
600 + 1480 + 2560 + 3795 = 8435 pip

Open Profit:
Profit for one trade is 88.27(current price) - 50.70(open price) = 3757 pip
10 trade(s) still open, therefore total profit for open trade(s) is 3757 x 10 = 37570 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 72.90 is broken, we will close open trades.

DateWed, 05/22/2019 - 13:11
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 72.90 would begin in Midterm.
  • We will close our open trades, if the Midterm level 72.90 is broken.

Technical analysis:

  • While the RSI support #1 at 46 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 77.30 on 05/17/2019, so more gains to resistance(s) 88.65, 100.00, 114.85 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. 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) Thu, 12 Sep 2019
Monero (XMRUSD) Mon, 26 Aug 2019
Monero (XMRUSD) Fri, 23 Aug 2019
Monero (XMRUSD) free Wed, 7 Aug 2019
Monero (XMRUSD) Sun, 28 Jul 2019