Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Platinum Spot (FOREX:XPTUSDO)
Long-Term Uptrend (+90) - XPTUSDO is in a strong uptrend that is likely to continue. While XPTUSDO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 911.00
The intermediate-term trend has been UP since Jun 16th, 2020 at 862.36
The short-term trend has been UP since Aug 3rd, 2020 at 925.50
Smart Scan Analysis for XPTUSDO
Based on our trend formula, XPTUSDO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).