Palladium 4h (14.Sep.2014) Technical Analysis

149 0
The Palladium / US Dollar pair ( XPDUSD ) 4h Diagram Technical Analysis Training shows the following:

The XPDUSD pair has made a local bottom at 826.6 from where it has reacted towards to Tenkan Sen. It has breached the resistance red line and now follows the green support line.

So the first think in mind is that XPDUSD may move toward to Kijun Sen. MACD is turning bullish and RSI too.

We have no special candlestick pattern. The pair is under the KUMO, on the Tenkan Sen (Green line) and under the Kijun Sen (blue line). The pair is under the EMA 200 (4H) so we can see a movement towards it.

There is no special pattern. The fib from 892.2 to 826.6 (projection) shows a target of correction at 0.618 of fib (at 851.6).

Long for 850 first and then for EMA 200, w/stop loss under 826.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out