Platinum looks supported at 945$

The metals have been sliding since last week and platinum is no exception.

However it looks very supported around 945$ and it looks like a nice chance to go long on metals now ahead of the FOMC minutes later today.

Platinum has strong resistance at 970$ ahead of 1012$ .

Platinum has been not able to stabilize above critical level at 1064$ and it has been a very good short position.

Looking on larger scale , international economy is not doing well and the banking sector is facing alot of challenges.

So metals are always a good hunt if we are going into risky mood.

A weekly close below 940$ area will open the road towards 895$ .

Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.

Only charts

Search This Blog