Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Platinum/US Dollar (FOREX:XPTUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for XPTUSD
The long term trend has been DOWN since Apr 3rd, 2018 at 931.0
The intermediate term trend has been UP since Sep 13th, 2018 at 810.5
The short term trend has been DOWN since Oct 17th, 2018 at 836.5
Smart Scan Analysis for XPTUSD
Based on a pre-defined weighted trend formula for chart analysis, XPTUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).