CapMoore

Price Recovering And Eying the Yearly PP at 1300

FX:XPTUSD   Platinum / U.S. Dollar
16 0 0
Median line has held support and price has consolidated since oct 2014, but last weeks
PA may signal a retracement and test of the Yearly PP             around 1300, which is also horizontal
resistance/Monthly R2. The sharp move from the reaction point at the top of the pithfork in
july 2014, may suggest at least a test of the Yearly S1 around
1080. Price is in a downtrend from 2011 and is trading well below the 200 SMA , why selling
bounces is the favoured strategy, were 1300 will give an excellent opportunity, if that level is reached.
However, a return back down (after failing to create a new 11 week high on Daily timeframe last week)
and breaching of Monthly PP             at 1211 may expose current lows and a possible trend continuation.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out