Palladium

(Last Updated November 26, 2020)

Welcome to the news page for Palladium (XPDUSD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on XPDUSD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

XPDUSD Moving Averages

The moving averages on XPDUSD summarize its price action in an interesting way. The 20 and 100 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 50 and 200 day averages that imply a bearish trend.

Below is a chart showing XPDUSD’s price with its moving averages.

The View From the Weekly Timeframe

At the moment, XPDUSD’s price is up $3.11 (0.13%) from the week prior. Moreover, note that the weekly chart shows that XPDUSD has seen 2 straight up weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XPDUSD. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows XPDUSD’s price action over the past year.