Categories: Technical analysis

Platinum Wave Analysis – 11 March, 2020

  • Platinum reversed from support area
  • Likely to rise to 915.0

Platinum recently reversed up from the support area lying between the support levels 845.00 (which stopped the previous sharp impulse wave (C)), 869.00 (low of wave (2) from November) and the lower daily Bollinger Band.

The upward reversal from this support area started the active medium-term impulse wave (3).

Platinum is likely to rise further toward the next resistance level 915.0 (former support from December and the top of the earlier impulse wave (1)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: PTUUSD

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