Palladium continues to rise after the earlier breakout of the key resistance level 1200.0 (which was set as the likely upward target in our previous forecast for this instrument).
The breakout of the resistance level 1200.strengthened the bullish pressure on this instrument – accelerating the active impulse waves 5 and (3).
Palladium is expected to rise further and re-test the next resistance level 1275.00 (intersecting with the resistance trendline of the sharp daily up channel from September).
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies