XPTUSD - WEEKLY - FIBONACCI RETRACEMENT

, , , ,


All Videos were delivered in Real-Time.
Login or try the Live Service for Free...

Forex Education Video for XPTUSD showing FIBONACCI RETRACEMENTS posted on 25-06-2013

XPTUSD - WEEKLY - FIBONACCI RETRACEMENT

Loading ForexTrading.TV video player...

Platinum gives up half of gains since 2008.

A Forex trading technical analysis video showing this week's dip to a new low for the year ($1321) after closing on a weekly basis below important long term support at $1385.  This means spot Platinum has given up half of the gains seen since the rally started in 2008 (after a dramatic collapse from a high at $2290 eight months earlier).  As we expect the ratio to gold to drop from this year's high at 1.08 to parity, we feel there is a chance that the drop that started in February will continue on down to $1285 where spot Gold currently trades.

See More Forex Education Videos in our Alerts Archive

Nicole Elliott

Related Posts

XPTUSD - DAILY - YEARLY HIGH

SPOT PLATINUM at this year's high.

A Forex Trading technical analysis video showing a daily chart of the price of spot platinum, one which ought to be of interest to gold bugs out there as it outperforms the price of gold. Despite the fact that striking South African miners have eventually resolved their dispute and gone back to work, now we have the prospect of a loomming strike of the National Union of Metalworkers of South Africa, again demanding larger wage increases. These disputes have taken their toll on the South Afri…
Continue Reading →

XPTUSD - WEEKLY - BOLLINGER BANDS ®

PLATINUM unmoved by the South African miners' strike.

A Forex Trading technical analysis video showing just how little effect the South African miners' strike (one of the longest on record), and its resolution this week, has had and continues to exert on the price of spot platinum. The ratio to gold has dropped quite considerably this month and probably goes counter to what many might have expected; a lesson in not using standard ideas and simplistic models. Some journalists are suggesting that the lack of volatility is caused by the stabil…
Continue Reading →

XPTUSD - DAILY - DOJI CANDLESTICK

XPTUSD a doji follows a Marabuzo.

A Forex trading technical analysis video showing Thursday's strong rally with a Marabuzo candlestick as we break above immediate trend line resistance. However, rather than adding bullish momentum and seeing follow-through on Friday, the move came to an abrupt halt with a doji candle. This denotes instability and is perhaps not surprising seeing as it coincides with the bottom edge of a very large Ichimoku cloud and a 38% Fibonacci retracement resistance level. These hint at the possibil…
Continue Reading →

XPTUSD - DAILY - TREND LINE

PLATINUM to slip further, pushed by the trend line?

A Forex trading technical analysis video showing the down trend line since August's high and how it pushed prices down to the support level at $1360 last week. Sitting just above it today in what is seen as a series of cautious moves lower - one step at a time - as we march towards June's low at $1289. Another highly irregular trend line showing support is drawn on the weekly chart, and that comes in at $1285 towards the beginning of November. It joins several of the low points on fo…
Continue Reading →