Search ForexCrunch

XMR/USD daily chart

  • XMR/USD is currently trading at $50.
  • The market forms a flag formation which is prime for a breakout.
  • XMR/USD is also currently sandwiched in between the 20-day simple moving average (SMA 20) and SMA 50.
  • The SMA 20 had already crossed over SMA 50, which indicates a buy signal.

XMR/USD 4-hour chart

  • The XMR/USD 4-hour chart shows that there is a triangle formation which is ready for a breakout.
  • The relative strength index (RSI) is trending closer to the overbought territory.

XMR/USD hourly chart

  • The last session in the hourly XMR/USD chart is extremely bearish which pulled the market down towards the middle curve of the 20-day Bollinger band.
  • The moving average convergence/divergence (MACD) shows that market momentum remains bearish.

Key Levels

  • Resistance 3: $54.0579
  • Resistance 2: $52.2469
  • Resistance 1: $51.0748
  • Pivot Point: $49.2638
  • Support 1: $48.0917
  • Support 2: $46.2807
  • Support 3: $45.1086