Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.39644 to 1.38792). 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 (1.39644)
• Ending of entry zone (1.38792)

Midterm forecast:

• While the price is above the support 1.38792, resumption of uptrend is expected.
• We make sure when the resistance at 1.47000 breaks.
• If the support at 1.38792 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
• A trough is formed in daily chart at 1.43855 on 09/22/2022, so more gains to resistance(s) 1.41535, 1.42416, 1.43585 and maximum to Major Resistance (1.47000) 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 43.

Take Profits:

1. 1.40831
2. 1.42416
3. 1.43585
4. 1.44667
5. 1.45894
6. 1.48304
7. 1.49550
8. 1.51121
9. 1.52200
10. 1.54200