Forex Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
Platinum Spot (FOREX:XPTUSDO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 XPTUSDO
The long term trend has been UP since Aug 4th, 2017 at 967.500
The intermediate term trend has been DOWN since Sep 17th, 2017 at 966.000
The short term trend has been DOWN since Oct 16th, 2017 at 932.705
Smart Scan Analysis for XPTUSDO
Based on a pre-defined weighted trend formula for chart analysis, XPTUSDO scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).