Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Technical Analysis from IFC Markets
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="IFC Markets, post: 212796, member: 18359"] [HEADING=1]Palladium Technical Analysis - Palladium Trading: 2022-09-12[/HEADING] [HEADING=2]Palladium Technical Analysis Summary[/HEADING] Above 2230 Buy Stop Below 1930 Stop Loss [TABLE] [TR] [TD]Indicator[/TD] [TD]Signal[/TD] [/TR] [TR] [TD]RSI[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]MACD[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD]Buy[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD]Neutral[/TD] [/TR] [/TABLE] [HEADING=2]Palladium Chart Analysis[/HEADING] [URL='https://editorial.fxstreet.com/miscelaneous/image-637985606249366622.png'][IMG]https://editorial.fxstreet.com/miscelaneous/image-637985606249366622.png[/IMG][/URL] [HEADING=2]Palladium Technical Analysis[/HEADING] On the daily timeframe, XPDUSD: D1 is in the rising channel and is moving towards its upper border. It must overcome the 200-day moving average before entering a position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if XPDUSD: D1 rises above its latest up fractal, 200-day moving average and upper Bollinger band: 2230. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal and the last lower fractal: 1930. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (1930) without activating the order (2230), it is recommended to delete the order: the market is undergoing internal changes that were not taken into account. [HEADING=2]Fundamental Analysis of Precious Metals - Palladium[/HEADING] Precious metals rise in price amid the correction of the US dollar index. Will the XPDUSD quotes continue to rise? Last week, the US dollar index hit a 20-year high. However, it failed to consolidate above the psychological mark of 110 points and corrected down. Investors are looking forward to the publication of the United States Consumer Price Index for August, which will be released on September 13th. It is forecast to increase to 9% y/y from 8.5% y/y in July. This may slow down the strengthening of the US currency and support the demand for precious metals. Russia ranks first in the world in palladium production. Its share is about 40%. Accordingly, economic sanctions against Russia may contribute to the rise in the price of palladium. Worth noting, this metal is actively used in various industries as a catalyst. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…