Londinia Opportunities Analyses - 06/27/2022 (GMT) PLATINUM - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 903.25 USD
My targets
865.43 USD (-2.91%)
851.77 USD (-4.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PLATINUM as long as the price remains well below 903.25 USD. The sellers' bearish objective is set at 865.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 851.77 USD. In case of crossing, the next objective would be the support located at 642.69 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The PLATINUM rating is 891.40 USD. On the day, this instrument lost -1.36% and was between 890.10 USD and 911.80 USD. This implies that the price is at +0.15% from its lowest and at -2.24% from its highest.890.10
911.80
891.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PLATINUM in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 642.69 | 851.77 | 891.40 | 903.25 | 908.32 | 919.00 |
Change (%) | -27.90% | -4.45% | - | +1.33% | +1.90% | +3.10% |
Change | -248.71 | -39.63 | - | +11.85 | +16.92 | +27.60 |
Level | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 879.60 | 890.10 | 896.90 | 907.40 | 914.20 | 924.70 | 931.50 |
Camarilla | 898.94 | 900.53 | 902.11 | 903.70 | 905.29 | 906.87 | 908.46 |
Woodie | 877.75 | 889.18 | 895.05 | 906.48 | 912.35 | 923.78 | 929.65 |
Fibonacci | 890.10 | 896.71 | 900.79 | 907.40 | 914.01 | 918.09 | 924.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 830.27 | 865.43 | 884.57 | 919.73 | 938.87 | 974.03 | 993.17 |
Camarilla | 888.77 | 893.75 | 898.72 | 903.70 | 908.68 | 913.66 | 918.63 |
Woodie | 822.25 | 861.43 | 876.55 | 915.73 | 930.85 | 970.03 | 985.15 |
Fibonacci | 865.43 | 886.18 | 898.99 | 919.73 | 940.48 | 953.29 | 974.03 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 834.27 | 871.13 | 933.77 | 970.63 | 1,033.27 | 1,070.13 | 1,132.77 |
Camarilla | 969.04 | 978.16 | 987.28 | 996.40 | 1,005.52 | 1,014.64 | 1,023.76 |
Woodie | 847.15 | 877.58 | 946.65 | 977.08 | 1,046.15 | 1,076.58 | 1,145.65 |
Fibonacci | 871.13 | 909.14 | 932.62 | 970.63 | 1,008.64 | 1,032.12 | 1,070.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 30.20 | |
MACD (12,26,9): | -2.2700 | |
Directional Movement: | -23.95 | |
AROON (14): | -64.29 | |
DEMA (21): | 902.55 | |
Parabolic SAR (0,02-0,02-0,2): | 910.60 | |
Elder Ray (13): | -7.34 | |
Super Trend (3,10): | 910.27 | |
Zig ZAG (10): | 893.40 | |
VORTEX (21): | 0.8500 | |
Stochastique (14,3,5): | 8.06 | |
TEMA (21): | 901.71 | |
Williams %R (14): | -98.07 | |
Chande Momentum Oscillator (20): | -19.50 | |
Repulse (5,40,3): | -2.1400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.74 |
MA7: | 917.97 | |
MA20: | 957.99 | |
MA50: | 949.76 | |
MA100: | 994.66 | |
MAexp7: | 901.31 | |
MAexp20: | 905.43 | |
MAexp50: | 909.90 | |
MAexp100: | 916.70 | |
Price / MA7: | -2.89% | |
Price / MA20: | -6.95% | |
Price / MA50: | -6.14% | |
Price / MA100: | -10.38% | |
Price / MAexp7: | -1.10% | |
Price / MAexp20: | -1.55% | |
Price / MAexp50: | -2.03% | |
Price / MAexp100: | -2.76% |
Quotes :
-
10 min delayed data
-
Futures NYMEX
News
The last news published on PLATINUM at the time of the generation of this analysis was as follows:
- Queen's Platinum Jubilee attempt at record for longest ever picnic at Windsor Castle
- Platinum Jubilee: Richard Griffin on the Queen's sense of humour
- Platinum Jubilee: Highlights from the Queen's four-day celebrations
- Platinum Jubilee: The People's Pageant delights crowds in London
- Platinum Jubilee: Street parties take place across UK