Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Platinum/US Dollar (FOREX:XPTUSD)
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 XPTUSD
The long term trend has been UP since Nov 1st, 2018 at 849.5
The intermediate term trend has been DOWN since May 1st, 2019 at 878.0
The short term trend has been DOWN since May 15th, 2019 at 853.0
Smart Scan Analysis for XPTUSD
Based on a pre-defined weighted trend formula for chart analysis, XPTUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).