Palladium recently reversed up from the support area lying between the round support level 1.600 (former multi-month resistance level which stopped the sharp uptrend in June) and the 38.2% Fibonacci correction of the previous upward impulse from September.
The upward reversal from this support area continues the active short-term impulse wave 3 of the medium-term upward impulse sequence (C) from May.
Palladium is expected to rise further and retest the next resistance level 1645.00 (which reversed the price earlier this month).
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…
Weak US retail sales are adding to concerns of a potential recession, putting pressure on…
This website uses cookies
