Trading suggestion:

Price is below the Trend Hunter Buy Zone (10.290 to 9.640).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (10.290)
• Ending of entry zone (9.640)

Midterm forecast:

• While the price is above the support 5.550, beginning of uptrend is expected.
• We make sure when the resistance at 10.290 breaks.
• If the support at 5.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 6.285 on 09/11/2023, so more gains to resistance(s) 7.400, 8.115, 9.640 and maximum to Major Resistance (10.290) 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 52.

Take Profits:

1. 12.120
2. 13.420
3. 15.450
4. 17.200
5. 20.200
6. 23.043
7. 33.300
8. 39.009
9. 44.604