Hello! This is the news page for Palladium. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On XPDUSD, there is currently an uptrend on the 90 and 30 day timeframes.
XPDUSD Moving Averages
The moving averages on XPDUSD indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, XPDUSD’s price is up $37.51 (1.42%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XPDUSD’s price action over the past year.