Palladium has been rising in the last few trading session inside the sharp impulse wave (iii), which started recently from the strong round support level 1800,00 (former resistance from October), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (i).
The active impulse wave (iii) belongs to the extended multi-month upward impulse sequence (C) from August.
Palladium is likely to rise further toward the next resistance level 1975,00 (top of the previous impulse wave (i)).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies
