Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Platinum Spot (FOREX:XPTUSDO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Jun 28th, 2019 at 831.74
The short term trend has been DOWN since Jul 23rd, 2019 at 845.00
Smart Scan Analysis for XPTUSDO
Based on a pre-defined weighted trend formula for chart analysis, XPTUSDO scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).