Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.79288 to 0.78891). 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 (0.79288)
• Ending of entry zone (0.78891)

Midterm forecast:

• While the price is above the support 0.81113, resumption of uptrend is expected.
• We make sure when the resistance at 0.84637 breaks.
• If the support at 0.81113 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 trough is formed in daily chart at 0.81370 on 03/06/2024, so more gains to resistance(s) 0.82355, 0.83351 and maximum to Major Resistance (0.84637) 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 48.

Take Profits:

1. 0.81113
2. 0.82355
3. 0.83351
4. 0.84764
5. 0.85971
6. 0.87220
7. 0.88291
8. 0.89824
9. 0.92729
10. 0.95191