Technical analysis

Palladium Wave Analysis 19 April, 2021

• Palladium broke long-term resistance level 2755.00

• Likely to rise to resistance level 3000.00

Palladium under the bullish pressure after the price broke above the key long-term resistance level 2755.00 (which has been steadily reversing the price from the April of 2020 – as can be seen below)

The breakout of the resistance level 0.8700 accelerated the active minor impulse wave (iii) – which belongs to the impulse wave (3) from January.

Palladium is likely to rise further toward the next round resistance level 3000.00 (forecast price for the completion of the active impulse wave (iii)).

Article Rating