Categories: Technical analysis

Palladium Wave Analysis – 08 January, 2020

  • Palladium broke resistance area
  • Likely to rise to 2150.00

Palladium recently broke the resistance area lying between the round resistance level 2000.00 and the resistance trendlines of the two daily up channels from November and August.

The breakout of this resistance area should accelerate the active impulse waves 3 and (C).

Palladium is likely to rise further toward the next resistance level 2150.00 (forecast price fort the completion of the active impulse wave (C)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: PDUUSD

Recent Posts

GBPUSD Wave Analysis 22 November 2024

- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…

2 days ago

USDCHF Wave Analysis 22 November 2024

- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…

2 days ago

Downbeat PMIs Cemented EURUSD’s Fall

The decline in EURUSD was driven by weak PMI figures, with France and Germany both…

2 days ago

Gold hits new highs in euro

Gold has reached record high in euro above 2600, and growing fast in dollar terms…

2 days ago

Crypto market buzzing in anticipation of regulatory change

The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…

2 days ago

GBPCAD Wave Analysis 21 November 2024

- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…

3 days ago

This website uses cookies