Platinum recently reversed down from the strong resistance area lying between the long-term resistance level 1025.00 (which has been reversing the price from the start of 2017), upper weekly Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from the middle of 2016.
The downward reversal from this resistance area stopped the previous weekly upward impulse wave C from the end of 2019.
Platinum is likely to fall further toward the next support level 975.00 (previous weekly low and the former pivotal resistance from last year).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
