Update on Pairs Trade Idea: Long Palladium/Short PlatinumThe commodity pair reached a high of 6% yesterday. The potential for a further rebound remains.
Original idea attached.
XPDUSD trade ideas
XPDUSD - buy if the channel breakson a monthly scale, it is involved in the ceiling of two long-term channels of thirty years and fourteen years. If this heavy resistance is crossed, a rapid rally will begin, which can lead to astronomical prices
XPDUSD: Are we gonna touch 1677!?Palladium tested support at 1820 and didn't found any strong buy signals so the guess is that this is where it breaks and moves towards 1677 as next support. We will short today and see what happens!
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
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Market Neutral Pairs Trade Idea: Buy Palladium, Sell PlatinumMarket Neutral Pairs Trade Idea: Buy Palladium, Sell Platinum.
Suggested Trading Levels:
Ratio Entry : 1.96
Stop-loss: 1.84
Target: 2.17
Palladium Red FlagPalladium approaching neckline of 3 year head and shoulders pattern. Not a good sign for precious metals if this level breaks.
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 Up TrendUp Trend in green is evident
Price may fall to this level and then recover in a strong fashion
This is shown with the green bars pattern
Weekly timeframe
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 Breaking OutPalladium $XPD now breaking out from 5 month base.
As previously mentioned, it has been showing relative strength, along with the rest of the precious metals sector.
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 idea (19/09/2022)Palladium
The rise of the metal depends on the support point 1952.29, to achieve the bullish trend, we expect the correction in wave ((ii)) not to end. We may witness an extension of the bearish correction to the level of 78% before reversing and rising again,
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
PALLADIUM | Trade At The S/RThursday, 08 September 2022
06:57 AM (WIB)
The chart shows Palladium price still not hit the Support lines since the price reached the Resistance. And the best safety first to trade in Palladium at Support or Resistance. Noted.
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
XPDUSD Sell @ 4Hr 02-Sep-22The perfect head and shoulder Pattern @ 4 Hr, long-term trade
Sell @ 1970
SL: 2300
TP1: 1820
TP2: 1670
Metals Palladium idea (30/08/2022)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 bearish correction depends on the ending of wave ((b)) below the resistance point 2301.85
Palladium/U.S Dollar idea (26/08/2022)Palladium
The rise of the metal depends on the support point 1787.50 to achieve the bullish movement, and we expect the bearish correction to continue in the near term to end the second wave of correction before rising again in the third impulse waves
PALLADIUM | A Highlight BriefThursday, 25 August 2022
13:33 PM (WIB)
I want to analyze the movement of Palladium, regarding it still in the lowest price of $1.950 and the highest price at $2.300. Now the price moves at the middle lines of this ascending box. With several times move above the MA200 and vice versa. It seems the MA50 and MA200 in this chart did not work as well as the signal. So, I should be preparing to watch when it comes near the Support and Resistance area to trade in this Palladium.
Metals Palladium idea (24/08/2022)Palladium
The rise of the metal depends on the support point 1787.50 to achieve the bullish movement, and we expect the bearish correction to continue in the near term to end the second wave of correction before rising again in the third impulse waves
