It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade.
Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...
It is no secret that Palladium is on a strong long term bullish trend, and we have discussed this subject on this comparison with Gold where we estimated a target of 1,367 (see the chart below).
XPDUSD has even outperformed this target and is currently on a very interesting development where it can turn parabolic towards 1,800. Even if that doesn't materialize,...
XAUUSD is approaching a decent resistance area,
instant rejection of this zone with clear RSI divergence gives and indication of weakening bullish momentum.
if we see a bearish breakout of a rising channel,
with high probability the market will retest the low and continue even lower.
next level of support on...
Based on their correlation since 2002 we can say that EURUSD is a leading indicator for Copper. Especially since 2010, they both trade within a 1M Channel Down, with EURUSD however respecting the Lower Highs/ Lower Lows more. So with EURUSD on a long term bearish trend towards the 1.0358 support, we expect 2.000 long term for Copper. Technically Copper's 1M is on...
The Gold price has been very volatile this week (ATR = 4.4243) making Higher Highs and Higher Lows on 4H (RSI = 55.47, MACD = 1.390, Highs/Lows = 0.0000) as geopolitical factors (Brexit) and fundamentals (BoJ, U.S. reports) having been offsetting each other. The pattern that stands out from previous 4H sequences is that the 0.5 - 0.618 Fibonacci retracement levels...
Good weekend everyone,
Quick look at platinum OANDA:XPTUSD ;
As we can see on weekly chart (right on top) platinum is on a downtrend since 2016 and show no bullish signals so far, again rejected the descending trendline.
On our daily chart (bottom) we see that ~875 usd level has been a strong resistance level, tested 4times now and was a...
Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst.
This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever.
This week candle closed as a bearish pin bar and as we can see the volume is...
No. TO THE MOON!
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to...
Let's take a look at the weekly and daily charts in MTL.
+ Both possible long-term downtrends have been broken in recent weeks.
+ The price has already exceeded 20MA and is currently serving as support.
+ The volume has been the bigger since 2017.
+ Large bullish divergence already confirmed at the MACD between June...