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Platinum 4H American Session (13.08.2014) Technical Analysis

Written by  Published in Platinum Wednesday, 13 August 2014 12:40
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Platinum 4H American Session (13.08.2014) Technical Analysis by d.vezeris on TradingView.com

If the chart is not displayed, please click here to see the image.


The Platinum / US Dollar pair (XPTUSD) 4H Diagram Technical Analysis Training shows the following:

 

The XPTUSD pair has made a correction and now is exactly on 0.5 of fib. The KUMO offer now its support. The daily diagram is marginally bullish.

 

So the first think in mind is that XPTUSD pair will move towards to EMA 200 & Kijun Sen. MACD and RSI is turning bullish.

 

We have no special candlestick pattern. The pair is above the KUMO, breaching now the Tenkan Sen.

 

There is a double bottom at 1465. The fib from 1459.3 to 1482.5 (projection) shows the 1475 as first target.

 

Long for EMA 200 first. Stop loss under 1467.

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Dimitrios Vezeris

MSc Electrical & Computer Engineer | COSMOS4U

Tel: +30 2541021919 | d.vezeris@COSMOS4U.net  

Lefkippou 6 | 67100 Xanthi | Hellas | Europe

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