Xpd
XPD gained +5.88% relative to the USD last weekCurrent price 2329.50 is above 2287.99 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/16/20, the price experienced a +10% Uptrend. During the week of 09/09/20 - 09/16/20, the FOREX enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 31, 2020. You may want to consider a long position or call options on XPDUSD as a result. Tickeron A.I. shows that in 17 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
Following a +4.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where XPDUSD advanced for three days, in 80 of 86 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 92 of 103 cases where XPDUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
Lovely little buy, But what's next...Caught a lovely little buy today from 2163, Looking to close around that resistance line of the possible wedge. I'll then be carefully watching to see whether it breaks out or acts a resistance and pulls back to bottom support. Either way, SL past entry..Time to just not let those emotions get in the way, Hold onto some winners and go for a walk. For now B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty. Please do your own analysis and use the correct risk management. PS Dont bet the house.
ridethepig | Palladium Market Commentary 2020.06.15Here the consolidation is condemned to break for the common good, as a diversionary sacrifice. Covid cases will act as the catalyst undoubtedly. The question is only and above all when?
For those tracking the breakout momentum is much more on the buyers side, clearly defined jurisdictions are on both sides of the map... As a quick cheatsheet: Strong Support (1635) <=> Soft Support (1750) <=> Soft Resistance (2300) <=> Strong Resistance (2800).
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline .
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
XPDUSD | More DownsidePlease support this idea with LIKE if you find it useful.
Price was rejected by Resistance Node (50 MA, Ichi Cloud and the Resistance Trendline of the Descending Channel). It's more likely to continue the decline and retest the 200 MA
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Palladium: long-term uptrend.The long-term upward trend of palladium is due to three factors:
1. Demand from industry, which greatly exceeds supply.
2. Almost monopoly price controls by producers in Russia and Africa.
3. Interest in palladium by long-term speculators.
In such circumstances, prices can rise for several years. That will provide an opportunity to get good income in the long run.
XPDUSD | Shooting StarPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 2413.510
TP1 - 2140.442
TP2 - 1967.684
SL - 2502.676
Reason: Exponential Growth, Shooting Star reversal Pattern. The price is overbought According to RSI.
Risky: Remember this is a risky setup despite market shows us irrational behavior and previously we got stopped out.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Palladium reaching for the skyWelcome fellow Tradingviewers,
This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like .
With that being said, we can start analyzing one of the less known rare metals around.
We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week.
We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof.
Lets look at the chart
Since the 2017 ATH we have almost exacty seen a 100 % increase in the price.
Since 2017 we have been breaking ATH's at a fast rate.
I can already hear the voices: 'you dont want to buy at ATH'
Lets analyse this.
The reasons for buying now:
- Palladium has overtook Gold in the list of most precious metals
- We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator.
- The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement.
- Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media.
- Industry applications are only getting better with China leading the way.
- Tightening regulations regarding car mufflers will only increase demand in the car industry.
- Hydrogen electricity plants are getting ready in the next 2 years
- Moving averages are very Bullish
- RSI and MACD bearish divergences can still be ignored
- Let me know in the description below
The reasons for not buying here:
- Huge increase in price
- Trading at ATH
- RSI and MACD bearish divergence
- Let me know in the description below
I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like !
Kind Regards,
Forallcrypto
XPDUSD (Palladium): Long term action plan. Buy opportunity.Palladium is now on a new Higher High within the 1W Channel Up (RSI = 68.210, MACD = 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI having reached a peak level (RSI = 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within the Channel Up. Based on that our Target Zone on a 1 year horizon is 2,200 - 2,400.
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