Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (117.300 to 118.850). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (117.300)
• Ending of entry zone (118.850)

Midterm forecast:

• While the price is below the resistance 118.850, beginning of downtrend is expected.
• We make sure when the support at 111.726 breaks.
• If the resistance at 118.850 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 117.190 on 03/09/2026, so more losses to support(s) 114.599, 112.950 and minimum to Major Support (111.726) 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 51.

Take Profits:

1. 114.599
2. 112.950
3. 111.726
4. 110.364
5. 108.940
6. 107.645
7. 105.186
8. 103.156
9. 101.245
10. 97.765
11. 95.852
12. 94.068