Palladium (XPDUSD) Underperforms All metals, Down 3.82%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that palladium’s price has gone up 18 of the previous 30 trading days.
Palladium
(Last Updated May 21, 2020)
Hello! This is the news page for Palladium. 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 an uptrend on shorter timeframes — but a downtrend on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
XPDUSD Moving Averages
The moving averages on XPDUSD summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 50) — are bullish, suggesting the trend is generally upward, save for a drop that occurred about 2 months ago.
The chart below illustrates.
Palladium (XPDUSD) Outperforms All metals, Up 2.29%; But Still in a Downtrend Over Past 30 Days
Palladium outperformed all 5 assets in the metals asset class since the previous day.
Palladium (XPDUSD) Tops All metals, Crosses 20 and 200 Day Moving Averages; Price Base in Formation Over Past 14 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Palladium (XPDUSD) Heads Up For the 2nd Day In A Row, in a Downtrend Over Past 30 Days; is Inching Close to 20 Day Average
Out of the 5 instruments in the metals asset class, palladium ended up ranking 3rd for the day in terms of price change relative to yesterday.
Palladium (XPDUSD) Up 0.92%, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Or to view things another way, note that out of the past 30 days palladium’s price has gone up 15 them.
Palladium (XPDUSD) Underperforms All metals, Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
Palladium (XPDUSD) Down 1.83%; in a Downtrend Over Past 30 Days
Relative to other instruments in the metals asset class, palladium ranked 4th since yesterday in terms of percentage price change.
Palladium (XPDUSD) Tops All metals, Moves Up For the 3rd Day In A Row; And A Story About Pgm Producers
News on palladium that the major pgm producers in south africa were halting operations during the lockdown starting on march 26, to reduce the spread of covid-19, led the market to rebound rapidly….
Palladium (XPDUSD) Outperforms All metals, But Still in a Downtrend Over Past 30 Days; And A Story About Pgm Producers
In this article, we recap the latest palladium news in spring 2020 and what the palladium price trend suggests for the market going forward….
Palladium (XPDUSD) Tops All metals, But Still in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.