Categories: Technical analysis

Palladium Wave Analysis 3 February, 2021

• Palladium reversed from support zone

• Likely to rise to 2650.00

Palladium continues to rise after the earlier upward reversal from the support zone located between the long-term support level 2185.00 and the lower daily Bollinger Band.

Support level 2185.00 is it itself the lower boundary of the multi-month sideways price range (upper boundary stands at the resistance level 2490.49) – inside which Palladium has been trading from September.

Palladium is expected to rise further toward the next resistance level 2650.00 (standing close to the middle of this price range).

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

Crude Oil counteracts

Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…

2 hours ago

Crypto market grows with risk appetite in stocks

Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…

3 hours ago

The yen returned to the Takaichi trade

The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…

4 hours ago

Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts

Today is Tuesday, the 13th of January, and we will talk about the natural gas…

6 hours ago

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

15 hours ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

15 hours ago

This website uses cookies