Palladium daily EMA keeps on attracting sellers.We are trading at oversold extremes.
20 1-day EMA is at 1494.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Palladium - Intraday - We look to Sell at 1496.9 (stop at 1520.9)
Our profit targets will be 1436.9 and 1430.9
Resistance: 1445 / 1459 / 1480
Support: 1420 / 1405 / 1385
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
PALLADIUM trade ideas
PALLADIUM LONG IDEA (MID TERM)Idea: Long around 1500 - 1560 range (RR Ratio 3+)
Reason: Rebounded off key support 1540, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Double bottom, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Below next resistance/ support level 1470 (safer < 1450)
Key targets (Short-mid term): 1590, 1615, 1635, 1655, 1675, 1690, 1710, 1725, 1750, 1770, 1790, 1815, 1830, 1850, 1865
xpdusd .., triple bottom @ 1541.400Palladium (xpdusd)
analysis + possible trade setup !
since march 2022 price has been mostly trading to the downside and is currently trading in a corrective rising wedge with supply level @ 2256.200 in control indicating that current market momentum is bearish.
price trading below the support trendline of the wedge pattern but has not yet formed a full OHLC candlestick to confirm breakout and further downside movement.
if this week candlestick closes below support trendline , i will be looking at shorting opportunities of lower time frame supply / violated demand zones now turned supply
short targets all the way down to monthly demand CP @ 1541.400 which is a level that price has tapped into 2 times already but failing to breakout and close below the level.
supply and demand
put together by ; Pako Phutietsile
presented by : @currencynerd
courtesy of : @TradingView
The Nobel Prize in economics belongs to Satoshi Nakamoto
Palladium at 60-week low.Palladium - Intraday - We look to Sell at 1588.5 (stop at 1611.9)
Trades at the lowest level in 60 weeks.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
Previous support at 1590 now becomes resistance.
We look for a temporary move higher.
Our profit targets will be 1530.1 and 1525.1
Resistance: 1531 / 1545 / 1560
Support: 1517 / 1500 / 1480
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
#Palladium getting ready to rocket?Keep an eye on Palladium here... looks to be consolidating in a neat bullish falling wedge formation. More importantly, the RSI is making a series of higher highs (divergency) which is warning of a rally to come...
Might be worth looking at a couple of the palladium/platinum plays... Sibanye, Impala, AngloPlat, Northams etc which would be beneficiaries if this plays out
Palladium head and shoulderstechnically this seems like we just got rejected at the neckline (from underneath) previous support now acting as resistance. Targeting the 200 MA (monthly) also confluence with downturn channel. Macro is commodity deflationary too (short term). Many sales pitches pitching commodity supercycle end of last year. Same as bitcoin supercycle being pitched at $69k
Will XPD find support at oversold extremes?Palladium - Intraday - We look to Buy at 1646.1 (stop at 1626.3)
We are trading at oversold extremes.
Bespoke support is located at 1650.
Offers ample risk/reward to buy at the market.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1695.6 and 1705.6
Resistance: 1660 / 1675 / 1697
Support: 1646 / 1630 / 1600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Palladium rallies continues to attract sellers.Palladium - Intraday - We look to Sell at 1736.8 (stop at 1757.8)
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 1739.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Daily signals are bearish.
Expect trading to remain mixed and volatile.
Our profit targets will be 1687.8 and 1677.8
Resistance: 1696 / 1710 / 1735
Support: 1680 / 1670 / 1655
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Palladium: further downside potential?A bearish trend is applicable.
Negate the bearish bais for a brake above 1820.
Ideal short entry around 1740.
Increase exposure for a break below 1670.
target 1600, which is almost at the lower range of the linear regression channel pattern. Notice how this pattern is sloping downwards, supporting a bearish trend.
Stop-loss 1820.
Remains a risky trade.
Palladium Long #Palladium reversed from major support level 1675.00
• Likely to rise to resistance level 1840.00
Palladium today reversed up from the major support level 1675.00 (which has been revering the price from the end of 2019, as can be seen below).
The support zone near the support level 1675.00 was strengthened by the lower weekly Bollinger Band.
Given the strength of the support level 1675.00 and the bullish sentiment seen across the precious metal markets today, Palladium can be expected to rise further toward the next resistance level 1840.00.
Palladium with a double top formation.Palladium - Intraday - We look to Sell at 1820.8 (stop at 1842.3)
Daily signals are bearish.
Posted a Double Top formation.
1830 has been pivotal.
Rallies should be capped by yesterday's high.
We look for a temporary move higher.
Our profit targets will be 1767.7 and 1762.7
Resistance: 1780 / 1795 / 1815
Support: 1768 / 1755 / 1740
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling XPD into trend of lower highs.Palladium - Intraday - We look to Sell at 1789.8 (stop at 1818.1)
Our short term bias remains negative.
Trend line resistance is located at 1787.
Preferred trade is to sell into rallies.
Prices expected to stall near trend line resistance.
Our profit targets will be 1722.2 and 1713.2
Resistance: 1755 / 1770 / 1790
Support: 1735 / 1720 / 1710
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying XPD at current swing lows.Palladium - Intraday - We look to Buy at 1755.1 (stop at 1729.2)
Short term bias has turned positive.
Levels below 1755 continue to attract buyers.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
We are trading at oversold extremes.
Our profit targets will be 1819.8 and 1829.8
Resistance: 1800 / 1820 / 1830
Support: 1770 / 1755 / 1740
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying XPD breakout.Palladium - Intraday - We look to Buy a break of 1734.1 (stop at 1708.9)
A bullish reverse Head and Shoulders is forming.
A break of the recent high at 1733.4 should result in a further move higher.
bearish engulfing candle on the 4 hour chart is negative for sentiment.
We look for gains to be extended today.
Our profit targets will be 1796.7 and 1806.7
Resistance: 1705 / 1733 / 1750
Support: 1690 / 1670 / 1650
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Palladium posted double bottom.Palladium - Intraday - We look to Buy a break of 1814.1 (stop at 1789.8)
We are trading at oversold extremes.
A break of the recent high at 1813.3 should result in a further move higher.
Posted a Double Bottom formation.
The bias is to break to the upside.
Our profit targets will be 1869.9 and 1874.9
Resistance: 1814 / 1830 / 1850
Support: 1800 / 1780 / 1750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying XPD at trend line support.Palladium - Intraday - We look to Buy at 1865.1 (stop at 1842.9)
Trend line support is located at 1865.
Bespoke support is located at 1850.
We look to buy dips.
We look for a temporary move lower.
We are trading at oversold extremes.
Our profit targets will be 1918.8 and 1924.8
Resistance: 1930 / 1958 / 1987
Support: 1900 / 1880 / 1850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying XPD at 20 EMA.Palladium - Intraday - We look to Buy at 1902.6 (stop at 1881.7)
Short term bias has turned positive.
20 4hour EMA is at 1901.3.
Previous resistance at 1900 now becomes support.
We look to buy dips.
Our profit targets will be 1954.9 and 1959.9
Resistance: 1930 / 1958 / 1970
Support: 1915 / 1900 / 1890
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying XPD on stem dips.Palladium - Intraday - We look to Buy at 1804.4 (stop at 1782.8)
Trading has been mixed and volatile.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Support is located at 1800 and should stem dips to this area.
We look to buy dips.
Our profit targets will be 1859.8 and 1869.8
Resistance: 1870 / 1890 / 1910
Support: 1825 / 1815 / 1800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
PALLADIUM - Non Log BreakdownPrice has moved way above this curved trend or parabola
in the past it has been seen as a strong support and continually pushing price up
when breakdown occurs this curve will be seen as a resistance instead of its normal support. Just the opposite.
Strong top along horizontal dotted line, leading to breakdown.
Buying Palladium at market.Palladium - Intraday - We look to Buy at 1901.1 (stop at 1876.6)
Previous resistance at 1900 now becomes support.
Short term bias has turned positive.
A lower correction is expected.
Offers ample risk reward to buy at market.
Our profit targets will be 1959.7 and 1964.7
Resistance: 1920 / 1937 / 1950
Support: 1915 / 1890 / 1870
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling Palladium into resistance.Palladium - Intraday - We look to Sell at 1889.8 (stop at 1914.2)
Bespoke resistance is located at 1890.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
Our profit targets will be 1828.7 and 1818.7
Resistance: 1870 / 1890 / 1915
Support: 1850 / 1825 / 1795
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.