Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.7202 to 0.7169).

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

• Beginning of entry zone (0.7202)
• Ending of entry zone (0.7169)

Midterm forecast:

• While the price is above the support 0.71000, beginning of uptrend is expected.
• We make sure when the resistance at 0.75300 breaks.
• If the support at 0.71000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.7308 on 03/03/2022, so more losses to support(s) 0.7169 and minimum to Major Support (0.7100) 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 44.

Take Profits:

1. 0.7318
2. 0.7371
3. 0.7469
4. 0.7530
5. 0.7635
6. 0.7714
7. 0.7865