Categories: Technical analysis

Palladium Wave Analysis 16 March, 2021

• Palladium reversed down from resistance level 2530.00

• Likely to correct down to support level 2450.00

Palladium recently reversed down from the key resistance level 2530.00 (former monthly high from November rand January).

The resistance level 2530.00 is standing well above the upper daily Bollinger Band – adding to the probability of the intraday downward correction from the current levels.

Palladium is likely to correct toward the next support level 2450.00 (former resistance from the middle of January).

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

NZDUSD Wave Analysis 31 December 2024

- NZDUSD broke key support 0.5600 - Likely to fall to support level 0.5500 NZDUSD…

1 day ago

EURCHF Wave Analysis 31 December 2024

- EURCHF reversed from resistance zone - Likely to fall to support level 0.9350 EURCHF…

1 day ago

Signs of a USDCAD Reversal

The Canadian dollar may strengthen as the extended rally in USDCAD loses momentum. A corrective…

1 day ago

Only 3 out of 10 top altcoins grew in December

Despite the decline in the cryptocurrency market, three coins - BNB, XRP, and TRON -…

1 day ago

USDCAD Wave Analysis 30 December 2024

- USDCAD reversed from resistance zone - Likely to fall to support level 1.4400 USDCAD…

2 days ago

AUDCAD Wave Analysis 30 December 2024

- AUDCAD reversed from resistance level 0.8980 - Likely to fall to support level 0.8900…

2 days ago

This website uses cookies