Categories: Technical analysis

Palladium Wave Analysis – 29 March, 2019

  • Palladium reversed from support area
  • Further gains are likely

Palladium today reversed up from the support area lying between the round support level 1300.00, lower daily Bollinger Band and the 100-day moving average.

The upward reversal from this support area completed the previous medium-term ABC correction (4) from February.

With the oversold daily Stochastic – Palladium is expected to rise further and re-test the next resistance level 1400.00 (former resistance from 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.

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The FxPro Tech Analysis Team
Tags: PDUUSD

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