Categories: Technical analysis

Palladium Wave Analysis 11 November, 2020

• Palladium under downward pressure

• Likely to fall to 2250.00

Palladium under immense downward pressure after the earlier downward reversal from the resistance level 2500.00 (former monthly high from the start of October) – strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 2500.00 created the daily Japanese candlesticks reversal pattern Long-Legged Doji.

Palladium is likely to fall further toward the next support level 2250.00 (target price for the completion of the active shot-term correction (ii)).

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

Crude Oil counteracts

Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…

45 minutes ago

Crypto market grows with risk appetite in stocks

Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…

1 hour ago

The yen returned to the Takaichi trade

The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…

3 hours ago

Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts

Today is Tuesday, the 13th of January, and we will talk about the natural gas…

4 hours ago

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

14 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

14 hours ago

This website uses cookies