Palladium under bearish pressure after the earlier breakout of the support area lying between the support level 2155.00 (low of waves 4 and (ii)), support trendline from last August and the 61.8% Fibonacci correction of the previous upward impulse from November.
The breakout of the aforementioned support zone accelerated the active waves C and (4).
Palladium is likely to fall further toward the next round support level 1900.00 (likely price for the completion of the active impulse wave C)
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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…
This website uses cookies
