Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.92543 to 0.92029). 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 (0.92543)
• Ending of entry zone (0.92029)

Midterm forecast:

• While the price is above the support 0.92029, beginning of uptrend is expected.
• We make sure when the resistance at 0.95721 breaks.
• If the support at 0.92029 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 trough is formed in daily chart at 0.93055 on 09/11/2024, so more gains to resistance(s) 0.93291, 0.94315, 0.95010 and maximum to Major Resistance (0.95721) 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 39.

Take Profits:

1. 0.94315
2. 0.95010
3. 0.95721
4. 0.96439
5. 0.97614
6. 0.98368
7. 0.99295
8. 1.00286
9. 1.01177