Categories: Technical analysis

Palladium Wave Analysis – 19 August, 2019

  • Palladium reversed from support area
  • Further gains are likely

Palladium recently reversed up from the support area located between the support level 1390.00 (former resistance May), lower daily Bollinger Band, support trendline from November and the 61.8% Fibonacci correction of the previous upward impulse 1 from May.

The upward reversal from this support area started eth active short-term impulse wave 3.

Palladium is expected to rise further and retest the next round resistance level 1500.00 (former support from July).

AddThis Website Tools
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: PDUUSD2

Recent Posts

Apple Wave Analysis – 20 March 2025

Apple: ⬇️ Sell - Apple reversed from resistance level 220.00 - Likely to fall to…

3 hours ago

IBM Wave Analysis – 20 March 2025

IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…

3 hours ago

AUDNZD Wave Analysis – 20 March 2025

AUDNZD: ⬆️ Buy - AUDNZD reversed from key support level 1.0930 - Likely to rise…

6 hours ago

EURCAD Wave Analysis – 20 March 2025

EURCAD: ⬇️ Sell - EURCAD reversed from the resistance zone - Likely to fall to…

6 hours ago

Crypto Market Testing Resistance

The crypto market has increased by over 5% and is nearing the $2.9 trillion. The…

10 hours ago

Gold Wave Analysis – 19 March 2025

Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…

1 day ago