Categories: Technical analysis

Palladium Wave Analysis – 26 April, 2019

  • Palladium broke key resistance level 1410.00
  • Further gains are likely

Palladium today broke the key resistance level 1410.00 (which reversed the price two with two clearly formed daily Evening Stars from the start of this month).

The breakout of the resistance level 1410.00 should accelerate the the active impulse waves 3 and (3) – which belong to the primary impulse wave ③ from the start of April.

Palladium is expected to rise further and re-test the next round resistance level 1500.00.

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.

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The FxPro Tech Analysis Team
Tags: PDUUSD

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