Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.9095 to 0.9024). 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 (0.9095)
• Ending of entry zone (0.9024)

Midterm forecast:

• While the price is below the resistance 0.93670, resumption of downtrend is expected.
• We make sure when the support at 0.90240 breaks.
• If the resistance at 0.93670 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 0.9181 on 01/20/2022, so more losses to support(s) 0.9095 and minimum to Major Support (0.9024) 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 43.

Take Profits:

1. 0.9123
2. 0.9178
3. 0.9367
4. 0.9469
5. 0.9595
6. 0.9750
7. 0.9900
8. 1.0025
9. 1.0115