Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.05201 to 1.04690). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (1.05201)
• Ending of entry zone (1.04690)

Midterm forecast:

• While the price is above the support 1.04690, beginning of uptrend is expected.
• We make sure when the resistance at 1.11118 breaks.
• If the support at 1.04690 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A peak is formed in daily chart at 1.09290 on 04/21/2023, so more losses to support(s) 1.06697, 1.05884, 1.05201 and minimum to Major Support (1.04690) 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. 1.06697
2. 1.07429
3. 1.07909
4. 1.08546
5. 1.09190
6. 1.10090
7. 1.11118
8. 1.12550
9. 1.13635
10. 1.14891
11. 1.40000