0
0
September 14, 2020 at 03:38PM
• Platinum broke resistance level 950.00
• Likely to rise to 965.00
Platinum continues to rise after the earlier breakout of the resistance level 950.00 – which was set as the likely upward target in our previous report for this instrument.
The breakout of the resistance level 950.00 follows the earlier breakout of the daily down channel from the start of August – which strengthened the bullish pressure on Platinum.
Given the strong uptrend – Platinum is likely to rise further toward the next round resistance levels 965.00 (top of wave 4) and 985 (top of wave 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/platinum-wave-analysis-14-september-2020-20200914/
Selected by fonecable.com
Search Web: Platinum Wave Analysis – 14 September, 2020
Recent Posts
- AUD/USD Rate Pullback to Adhere to RBA Interest Rate Decision
- NEWS: ForexLive Americas FX news wrap: Australian dollar crushed February 26, 2021 at 09:24PM
- King Dollar Surges, but Doubts Over Longevity Linger
- As King Dollar Surges on U.S. Yield Run, Experts Say Move Unlikely to Last
- NEWS: Late selling sends US equities into the red despite bond market reversal February 26, 2021 at 09:05PM
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating