Palladium today broke sharply through the resistance area lying between the resistance level 1350.00 (previous upward target) and the two resistance trendlines of the two daily up channels from last December and August.
The breakout of this resistance area accelerated the active short-term impulse wave 5 – which belongs to the medium-term impulse wave (5) from December.
Palladium is expected to rise further and re-test the next resistance level 1400.00 – the breakout of which can lead to further gains toward 1450.00.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies