Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Platinum Spot (FOREX:XPTUSDO)
Sidelines Mode (+55) - XPTUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XPTUSDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for XPTUSDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XPTUSDO
The long-term trend has been UP since Jun 16th, 2020 at 911.000
The intermediate-term trend has been UP since Nov 16th, 2020 at 913.500
The short-term trend has been DOWN since Feb 17th, 2021 at 1256.745
Smart Scan Analysis for XPTUSDO
Based on our trend formula, XPTUSDO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).