Using lower channel of Schiff pitchfork for target.
Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
We took the risk to go long as there were several key support zones but price action sliced through and broke lower. Even the 200 WMA did not act as a strong support and the flush came hard on Palladium. This has certainly damage the chart and the weekly MAs could soon roll over lower (20 WMA already crossed below 100 WMA and 50 WMA could follow suit - potentially...
When I read the chart as a chart reading student, I feel a the running correction will be breakout soon. Most probably for a BUY. there have a small chance to down to maintain the down trend channel. Even it goes to down ; will be come back. NB:- It is not a trade call.. Just express my idea to improve my way. If any body feel it is good ; try it your own risk.
Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787. 1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points). 2nd Buy should price pullback between 765 -...
Patiently waiting for either break of the trendline or waiting to retest a high at 800 area before looking to short it. 1) short if break out below the short trendline - targeting new low 2) wait for a test higher to short
Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.
Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.
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...
The Palladium / US Dollar pair (XPDUSD) 4h Diagram Technical Analysis Training shows the following: The XPDUSD pair has made a local top at 906.4 for some consolidations there but the overall image is bullish. The support line is above the KUMO so we are on a bullish mode. The daily diagram is bullish too. So the first think in mind is that XPDUSD may pull...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The XPDUSD 4H technical analysis training diagram shows the following: XAUUSD reacted from 872.5 (1 of fib) and the EMA 50 last Friday. MACD and RSI are both bullish. There is a startup of a bull market here. EMA 50 & 100 has crossed the EMA 200 upwards. The next target is 1.618 of...
The Palladium / US Dollar pair (XPDUSD) 4H Diagram Technical Analysis Training shows the following: The XPDUSD pair has made a decline from 881.7. The support line is above the KUMO so we are on a bullish mode. The daily diagram is neutral. So the first think in mind is that XPDUSD pair will move or not towards to support line - Tenkan Sen. MACD is marginally...
After making a historical high @888, turning on bearish crab. Target below 800 @785
Palladium overtakes Gold. Platinum gets the bronze medal and Copper is 4th
The Palladium / US Dollar pair (XPDUSD) 4H Diagram Technical Analysis Training shows the following: The XPDUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows bullish trend. So the first think in mind is...