Recently platinum has broken the downtrend, and made a nice upward move setting up this golden cross on the weekly chart, its as simple as that.. upsides can be expected as a result of this. Happy New Year from Australia :D
Here's requested TA for one of our V.I.P members. We're don't trade this CFD so this is purley technicals on the fly. Plat is one where you have a falling wedge that could develop and a break above the upper trendline that could be of interest. For now its choppy and the risk is in the immediate future since we're still declining in the longtime time frame and...
After studying market on the Monthly (1M) view I strongly believe Platinum has bottomed out and headed up with indication of trend reversal to follow in the coming weeks. Last time the market hit this low was in 2008, however, came quite close in 2016. I highly doubt there will be much further downtrend below 760.99 but I do remain prepared for such a possibility....
We can see AudUsd is in consolidation on the Weekly timeframe with nearest consolidation ceiling at 0.8050 on the long term. However short term, we see price is arriving at it's nearest resistance. I am looking for any sell signal (chart pattern), possibly trying to make a correction before going up higher to the weekly consolidation ceiling.
This is a call to...
