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XPD/USD Possible Downtrend Continuation

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00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling. Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore having our two price levels around busy consolidation areas will give both indicators time to reset for the new move. -LNP Investments.
tonyinvests
Chart PatternsTechnical IndicatorslnpinvestmentsPalladiumpalladiumshortpalladiumusdTrend Analysis

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Chart PatternsTechnical IndicatorslnpinvestmentsPalladiumpalladiumshortpalladiumusdTrend Analysis
tonyinvests

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.