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.
XPDUSD trade ideas
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.
Selling Palladium in previous support.Palladium - Intraday - We look to Sell at 1978.8 (stop at 2002.1)
Previous support at 1980 now becomes resistance.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
1985 has been pivotal.
Our profit targets will be 1921.1 and 1911.1
Resistance: 1940 / 1960 / 1980
Support: 1915 / 1900 / 1880
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 Palladium at previous resistance.Palladium - Intraday - We look to Buy at 2036.1 (stop at 2011.1)
Short term momentum is bullish.
A lower correction is expected.
Previous resistance, now becomes support at 2040.
We look to buy dips.
20 4hour EMA is at 2031.
Our profit targets will be 2098.6 and 2108.6
Resistance: 2105 / 2130 / 2150
Support: 2075 / 2040 / 2020
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 in inverted head and shoulders.Palladium - 11h expiry - We look to Buy at 1822.3 (stop at 1798.9)
A bullish reverse Head and Shoulders is forming.
Bespoke support is located at 1820.
We look to buy dips.
The bullish engulfing candle on the daily chart is positive for sentiment.
We look for a temporary move lower.
Our profit targets will be 1879.8 and 1884.8
Resistance: 1880 / 1900 / 1920
Support: 1850 / 1830 / 1820
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 LONG 09.10.2022Bearish bat harmonics (purple)
Bearish butterfly harmonics (orange)
Bearish divergence
Strong confluence fib zone 50% - 61,8% with the trendline
Stop loss not accurate yet, it needs information from the ATR indicator to measure the volatility so that the SL is not activated (current ATR: 97,45)
Risk to reward ratio: 3
Palladium - Ascending Triangle CompletedThe dominant chart construction in Platinum is the completed 160-days ascending triangle bottom on the weekly and daily graphs with an implied profit target of 2880.
Palladium: further upside potential?A price action above 2200 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 2260.
Crossing above 2330 might target 2470.
Crossing below 2240 will be the first sign of pending weakness.
Remains in an inclining channel pattern and remains above its 200-day simple moving average.
Palladium Leader In Precious Metals SpacePalladium stands out in the precious metals space.
While gold and silver have been routed by higher yields + stronger USD in the past few months, Palladium has been building a series of higher lows since June.
On top of this, price continues to trace out a 5 month base.
Palladium: Bear market rally continuesThe daily palladium chart shows some interesting technical developments.
On September 8, the price action saw a 4.5% daily gain, which broke both the 50-day and 200-day moving averages. Previously, the same breakouts also occurred on July 7 and 8, but in two separate sessions.
With the September 6 lows, a short-term bullish channel may have formed, supporting the palladium bear market rally thesis.
The area between $2,190 and 2,193 is where buyers are now encountering some sellers’ resistance.
If this hurdle is broken, the next one is situated at $2,233 (15 August high), and after that $2,300 (11 August high).
The MACD exhibited a bullish crossover at the zero line. On July 22, the same signal occurred, which then served as a driving force behind the rally to mid-August highs.
Palladium is 37% lower than its March peak, indicating that the major trend remains bearish. To revert this trend, palladium prices must rise decisively above $2,612 (50% Fibonacci retracement of 2022 low-high).
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
Metals Palladium idea (06/09/2022)Palladium
The rise of the metal depends on the support point of 1787.50 to achieve the bullish trend, and we expect the bearish correction to continue in the near term to end the second wave of the correction before rising again in the third impulse wave. This downward correction depends on the end of wave ((C)) at 1960 prices, or the decline continues to 1887 prices before rising again