By Andria Pichidi
Palladium, Daily & Weekly
Spot palladium tumbled by more than 17% from record highs at $1,609.85 at the end of March, with the main catalyst of this drift possibly being the closing of positions as the end the month and the end of quarter (i.e. end of the contract) came. The plummet was the biggest drop seen in the past 2 years, raising concerns...
Palladium is in strong bullish trend. We are looking for the trend to continue and hit the 1500 USD. Currently Palladium is correcting on 4 hr time frame and we are looking for this correction to continue for more upside before any bigger correction or change in trend.
Lets come to the point.
How you can trade on this chart.
1. Watch for the...
Price has been range bound between 1437.632 and 1327.260, we also have a double bottom formation as shown with a lower second bottom and RSI divergence. We could look to buy when the neckline has been broken. Targets and stops could be based on the RR ratio specified and support and resistance but price might rally all the way up to the supply zone.
XPDUSD Palladium long swing trade setup based on pullback to .618 to .786 fib zone. We may get a bounce here off S1 where price is stalling or possible move further to S2 and S3. My entry long at S1 1553.529 today with a SL at S3 1513.582 and TP at R2 1608.117. Not financial advice.
For the palladium there could be a very long journey to the south. If I do not see a closing price above 1599,866 on H4 basis, then I go shortwith SL above last week's high.
1. Initial confirmation for falling prices would be Break and Close below 1541.40.
2. The second confirmation would be closing price below Tenkan on a weekly basis at 1473.7
3. The third...
Palladium has had a run that can be described as nothing short of extravagant. Since bottoming out recently on the 16th August 2018, we have seen the price rally from $833 to the current high of $1615. To put it into perspective, that means the palladium price has basically doubled in a space of 7 months. With the recent inversion of the yield curve and markets...
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...
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,...
Hoje queria deixar aqui um potential setup, numa fase muito antecipada no Palladium.
Gostava de deixar claro que o sentido antecipatório para um trader é muito importante. Além de mostrar que estamos a prever possíveis movimentos de preço e estar atentos a oportunidades, dá uma segurança extra no momento de decidir uma entrada porque já existe uma preparação...
Hoje trago aqui um dos melhores setups para esta semana que está no XPDUSD a gráfico de 8 horas.
Como se pode ver, o preço tem estado numa grande subida que leva pelo menos 6 meses.
Neste momento deu-se uma rotura da sequência altista e temos condições favoráveis para uma mudança de tendência em curto:
- Inversão de sequência altista;
- Rotura da média...
Na analise de hoje trago aqui é do XPDUSD, um derivado do Paladium, onde em gráfico a 4H está a iniciar um ciclo baixista.
Depois de uma uns dias em tendencia altista, o Paladium encontrou resistencia na zona de 1570,-, realizando um teto duplo, seguindo-se de um novo mínimo, mais baixo que o anterior.
Neste momento assistimos á possível rotura de...