Palladium Target 20 WMAWe took the risk to go long as there were several key support zones but price action sliced through and broke lower. Even the 200 WMA did not act as a strong support and the flush came hard on Palladium. This has certainly damage the chart and the weekly MAs could soon roll over lower (20 WMA already crossed below 100 WMA and 50 WMA could follow suit - potentially create a death cross). In the short term, Palladium could find support at 690 levels and a corrective bounce may relieve some of the selling pressure. However, the medium term outlook is to sell into the corrective rally.
Corrective Rally
Long at 690-700
Stop 680
Target 750
XPDUSD
Watching Closely for a BUY option. XPDUSDWhen I read the chart as a chart reading student, I feel a the running correction will be breakout soon. Most probably for a BUY. there have a small chance to down to maintain the down trend channel. Even it goes to down ; will be come back.
NB:- It is not a trade call.. Just express my idea to improve my way. If any body feel it is good ; try it your own risk.
Perilous PalladiumPalladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787.
1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points).
2nd Buy should price pullback between 765 - 775 level with stop at 756 target between 790 to 800 level.
Should the target profit hit, we could look to reverse the trade and short Palladium.
Palladium ViewsPatiently waiting for either break of the trendline or waiting to retest a high at 800 area before looking to short it.
1) short if break out below the short trendline - targeting new low
2) wait for a test higher to short
Palladium Head & Shoulder? Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.
XPDUSD/Palladium Head & Shoulder?!Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.
Palladium 4h (14.Sep.2014) Technical AnalysisThe Palladium / US Dollar pair (XPDUSD) 4h Diagram Technical Analysis Training shows the following:
The XPDUSD pair has made a local bottom at 826.6 from where it has reacted towards to Tenkan Sen. It has breached the resistance red line and now follows the green support line.
So the first think in mind is that XPDUSD may move toward to Kijun Sen. MACD is turning bullish and RSI too.
We have no special candlestick pattern. The pair is under the KUMO, on the Tenkan Sen (Green line) and under the Kijun Sen (blue line). The pair is under the EMA 200 (4H) so we can see a movement towards it.
There is no special pattern. The fib from 892.2 to 826.6 (projection) shows a target of correction at 0.618 of fib (at 851.6).
Long for 850 first and then for EMA 200, w/stop loss under 826.
Palladium 4H EUR Session (31.08.2014) Technical AnalysisThe Palladium / US Dollar pair (XPDUSD) 4h Diagram Technical Analysis Training shows the following:
The XPDUSD pair has made a local top at 906.4 for some consolidations there but the overall image is bullish. The support line is above the KUMO so we are on a bullish mode. The daily diagram is bullish too.
So the first think in mind is that XPDUSD may pull back for 899.5 (1 of fib) before make the new upward movement. MACD is bullish without any divergence and RSI too.
We have no special candlestick pattern. The pair is above the KUMO, above the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The pair is above the EMA 200 (4H).
There is no special pattern. The fib from 864.4 to 886,1 (projection) shows a target at 921.3.
Long inspire of a pull back at 899.5. Stop loss under the support line.
XPDUSD 4H (17.08.2014) Technical Analysis Training EMAThis week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The XPDUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 872.5 (1 of fib) and the EMA 50 last Friday. MACD and RSI are both bullish.
There is a startup of a bull market here. EMA 50 & 100 has crossed the EMA 200 upwards.
The next target is 1.618 of fib (all the correction to 0.5 & 0.382 has been done) at 909.1. Long for it since the 872.5 pull back has been done.
Palladium 4H EUR Session (13.08.2014) Technical AnalysisThe Palladium / US Dollar pair (XPDUSD) 4H Diagram Technical Analysis Training shows the following:
The XPDUSD pair has made a decline from 881.7. The support line is above the KUMO so we are on a bullish mode. The daily diagram is neutral.
So the first think in mind is that XPDUSD pair will move or not towards to support line - Tenkan Sen. MACD is marginally on a bearish sigh and RSI is turning downtrend.
We have no special candlestick pattern. The pair is above the KUMO, above the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The pair is above the EMA 200 (4H).
There is no special pattern. The fib fro 840 to 881,7 (projection) shows a support at 871.8.
Short for 871.8 first. Stop loss 877.6. Watch the support line for further movements.
#Palladium, #XPDUSD #bearish #crab to the pip After making a historical high @888, turning on bearish crab. Target below 800 @785
Palladium 4H Asian Session (01.07.2014) Technical AnalysisThe Palladium / US Dollar pair (XPDUSD) 4H Diagram Technical Analysis Training shows the following:
The XPDUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows bullish trend.
So the first think in mind is that XPDUSD pair will move upwards....but As you can see the XPDUSD has made reversal hammer candlesticks. MACD is marginally on a bearish sigh and RSI is bullish.
We have no special candlestick pattern except the hammers. The pair is above the KUMO, above the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The pair is above the EMA 200 (4H).
There is no special pattern. The fib fro 807,6 to 836,7 (projection) shows a support at 836,7 (this week).
Personally I think that a short way has begun towards the support line.
