Technical analysis

Palladium Wave Analysis – 6 January 2026

Palladium: ⬆️ Buy

– Palladium reversed from round support level 1600.00

– Likely to rise to resistance level 1950.00

Palladium recently reversed up from the round support level 1600.00 (former strong resistance from October, acting as support after it was broken in December).

The upward reversal from the support level 1600.00 created the daily Japanese candlesticks reversal pattern Hammer.

Given the prevailing daily uptrend, Palladium can be expected to rise to the next resistance level 1950.00 (which stopped earlier impulse wave 3).

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: Palladium

Recent Posts

NZDCAD Wave Analysis – 7 January 2026

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

4 hours ago

Bitcoin Wave Analysis – 7 January 2026

Bitcoin: ⬇️ Sell - Bitcoin reversed from resistance zone - Likely to fall to support…

4 hours ago

EURGBP Wave Analysis – 7 January 2026

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

4 hours ago

Brent Crude Oil Wave Analysis – 7 January 2026

Brent Crude Oil: ⬇️ Sell - Brent Crude Oil reversed from resistance zone - Likely…

4 hours ago

Old fears about the euro have returned

The resurgence of the political crisis in France is weighing on EURUSD The US dollar…

13 hours ago

The crypto market has hit the upper limit of its rebound

The crypto market faces resistance at $3.2T; sentiment rises, but selling pressure persists. Bitcoin and…

15 hours ago

This website uses cookies