Categories: Technical analysis

Platinum Wave Analysis – 15 February, 2019

  • Platinum broke strong resistance level 1380.00
  • Further gains are likely

Platinum recently broke through the strong resistance level 1380.00 (which reversed the price with the daily Evening Star earlier this month).

The breakout of the resistance level 1380.00 is aligned with the active short-term impulse wave 5 – which belongs to the medium-term upward impulse sequence (5) from the end of January.

Platinum is expected to rise further and test the next support level 1.4500 (intersecting with the resistance trendline of the daily up channel from last September).

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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