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20.05.202508:19 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement Platinum Commodity Instrument, Tuesday May 20, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 20.05.2025 analysis

With the appearance of Convergence between the price movement of the Platinum commodity instrument with the Stochastic Oscillator indicator and supported by its price movement moving above the WMA (210) which also has a slope that is going upwards, then in the next few days #PLF has the potential to continue its strengthening where the level of 1011.0 will be tested to be broken and closed above it. If it is successful, then #PLF has the potential to continue its strengthening again to the level of 1025.8 as its main target and 1052.2 as the next target to be aimed at, but all these strengthening scenarios will be canceled by themselves if on their way to the target levels, #PLF suddenly experiences a significant weakening correction, especially if it breaks through and closes below the level of 952.0, then all the strengthening scenarios that have been described previously will automatically become invalid and canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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