Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.95738 to 0.95310). 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 (0.95738)
• Ending of entry zone (0.95310)

Midterm forecast:

• While the price is above the support 0.96972, resumption of uptrend is expected.
• We make sure when the resistance at 1.00882 breaks.
• If the support at 0.96972 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
• A peak is formed in daily chart at 1.00405 on 03/02/2023, so more losses to support(s) 0.97618 and minimum to Major Support (0.96972) 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 36.

Take Profits:

1. 0.96972
2. 0.97618
3. 0.98674
4. 0.99688
5. 1.00882
6. 1.02188
7. 1.03738
8. 1.05105
9. 1.06098
10. 1.07029
11. 1.09330
12. 1.11449