Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.33312 to 1.32775). 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 (1.33312)
• Ending of entry zone (1.32775)

Midterm forecast:

• While the price is above the support 1.32775, beginning of uptrend is expected.
• We make sure when the resistance at 1.36500 breaks.
• If the support at 1.32775 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 1.33310 on 01/02/2023, so more gains to resistance(s) 1.34003, 1.34567, 1.35348 and maximum to Major Resistance (1.36500) 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 38.

Take Profits:

1. 1.34003
2. 1.34567
3. 1.35348
4. 1.35915
5. 1.36500
6. 1.37759
7. 1.38526
8. 1.39242
9. 1.39750
10. 1.40909
11. 1.42041
12. 1.42630
13. 1.43005
14. 1.46350