• Palladium reversed from support area • Further gains are likely
Palladium recently reversed up from the support zone located between the support level 1030.00, support trendline of the narrow daily up channel from August and the 38.2% Fibonacci correction of the upward impulse from September.
The upward reversal from this support started the active short-term impulse wave 3– which is a part of the medium-term impulse wave (3) from September.
Palladium is expected to rise further and re-test the next resistance level 1080.00 (top of the previous impulse wave 1 from last month).
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…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies
