Categories: Technical analysis

Palladium Wave Analysis 1 October, 2020

• Palladium rising inside impulse wave 3

• Likely to reach to 2410.00

Palladium continues to rise inside the short-term impulse wave 3, which started earlier from the support level 2200.00, intersecting with the lower daily Bollinger Band.

The active impulse wave 3 belongs to the medium-term upward impulse sequence (5) from the end of July.

Palladium is likely to rise further toward the next resistance level 2410.00 (top of the previous waves (b) , 1, (iii) and (1) from July).

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.

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The FxPro Tech Analysis Team
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