Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Platinum Spot (FOREX:XPTUSDO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Nov 1st, 2018 at 850.50
The intermediate term trend has been UP since Aug 27th, 2019 at 870.71
The short term trend has been DOWN since Sep 16th, 2019 at 943.00
Smart Scan Analysis for XPTUSDO
Based on a pre-defined weighted trend formula for chart analysis, XPTUSDO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).