Trading suggestion:

Price is below the Trend Hunter Buy Zone (1.283 to 1.150).

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

• Beginning of entry zone (1.283)
• Ending of entry zone (1.150)

Midterm forecast:

• While the price is above the support 0.870, beginning of uptrend is expected.
• We make sure when the resistance at 1.605 breaks.
• If the support at 0.870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 1.255 on 08/29/2023, so more losses minimum to Major Support (0.870) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 42.

Take Profits:

1. 1.530
2. 1.725
3. 2.090
4. 2.405
5. 2.845
6. 4.400
7. 6.110
8. 8.305
9. 11.940
10. 15.508
11. 17.814
12. 20.595