Palladium has just provided three reasons why I will look for a retracement before looking for the long. 1. Market has reached a trend line connecting tops - 9 month span 2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present. 3. Market has...
The past year was characterized by many economic events , which affects the dollar and other currencies, Gold and precious metals as well, forcing the sideways or bearish movement on other financial instruments, and the following is a review of the dollar index in the medium term . The dollar index is in an upward move inside the ascending channel since mid-2021,...
PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it. We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend. Trade your levels accordingly.
XPD/USD bears aim for 50-DMA during four-day downtrend NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal Share on Twitter Share on Facebook Share on Linkedin Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line. 50-DMA, 23.6% Fibonacci retracement level limits immediate downside. 11-week-old horizontal line adds to the...
Palladium - Monthly chart is making a come back after falling off the cliff in the past few months. The drop can be viewed as a much needed correction in the overall bullish trend in the metals market. Price action is telling me that palladium prices have found the floor and now price looks set to bounce back up to possibly new highs in the next coming months to years.
Palladium (XPDUSD) has been trading within a Fibonacci Channel and is turning into one of the best long-term investments as the price is approaching the MA200 (orange trend-line) on the 1W time-frame. This level has been in support ever since XPD broke parabolically to the upside (January 2017). At the same time, it happens to be resting exactly at the bottom of...
As for Palladium, lower TF, I will go short to 2345 area (161.8) then look for LONG to 2463.82 (161.8) & extension 2537 (261.8) area. TAYOR
Hello everyone , as we all know the market action discounts everything :) The XPD/USD seem to continue its movement in an upward channel, there are 3 different scenarios that am seeing the right now : 1_The price will drop down to the old resistance line which is the support line now at 2712.474 and then bounce back up and maybe breaking the new resistance line...
Pattern: Channel Up on 1D. Signal: Buy as the price is rebounding after hitting the 1D MA200 (orange trend-line) and the 1 year RSI Support. You can wait for the MACD Bullish Cross to confirm that. Target: 2950 (top/ Higher High of the Channel Up) and 3300 in extension (1.5 Fibonacci extension as with previous Highs). ** Please support this idea with your...
Pattern: Channel Up on 1D. Signal: As long as the 4H MA200 (yellow trend-line) supports, buy the dips. If it breaks potential prolonged sideways action until the 1D MA200 (orange trend-line) approaches. Target: Trade within the patterns that will be formed. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Stop buy 2585 $ Stop loss 2383 $ Take proit (33% of the position) @ 2875 $
XPDUSD Broke out of a channel that was the for a loing term, retested the level and looks like it will continue trending upwards to make the 5th wave Share thoughts in comments Like the work and follow for more trade ideas and education
Watch for breakdown on XPDUSD, completing wave C Share thoughts in the comments Like and follow for more content
1st step done from previous chart now the retrace 218x could be very good entry
Hello everyone! Two scenarios I'm tracking for Palladium. The first is the confirmation of the Inverted head and shoulders and bullish from current level, the second is a confirmation of a bearish flag and a bounce back from the dynamic support.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
last week was very bullish for palladium despite bad cars sail numbers in usa and confinement , next week we can see small retrace before new pump to 2700