Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 0.85529, resumption of uptrend is expected.
• We make sure when the resistance at 0.91187 breaks.
• If the support at 0.85529 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 0.85515 on 07/27/2023, so more gains to resistance(s) 0.90013 and maximum to Major Resistance (0.91187) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 69.

Take Profits:

1. 0.87490
2. 0.88203
3. 0.88816
4. 0.90013
5. 0.91187
6. 0.91908
7. 0.93132
8. 0.94400
9. 0.96650
10. 0.97920
11. 0.99200
12. 1.01453