Palladium
(Last Updated January 23, 2021)
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:
The Trend
As for trends on XPDUSD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
XPDUSD Moving Averages
XPDUSD’s moving averages suggest the trend on a number of time horizons is bullish.
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 down $-20.82 (-0.87%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. 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. XPDUSD’s weekly price action over the past 52 weeks can be seen via the chart below.
Palladium (XPDUSD) Up $0.9 Over Past 4 Hours, Entered Today Up 0.59%; Nears 20 and 50 Day Moving Averages
For additional context, note that price has gone up 5 out of the past 10 days.
Palladium (XPDUSD) Up $5.87 in Last 4 Hours, Moves Up For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days
Out of the 5 instruments in the metals asset class, palladium ended up ranking 4th for the day in terms of price change relative to the previous day.
Palladium (XPDUSD) Up $0.37 Over Past 4 Hours, 2 Day Down Streak Snapped; in a Downtrend Over Past 14 Days
Relative to other instruments in the metals asset class, palladium ranked 4th since the previous day in terms of percentage price change.
Palladium (XPDUSD) Down $2.85 in Last 4 Hours, Underperforms All metals; Entered Today Down For the 2nd Straight Day
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 $3.04 On 4 Hour Chart, Started Today Down 0.52%; Price Base in Formation Over Past 30 Days
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 the previous day.
Palladium (XPDUSD) Down $7.63 in Last 4 Hours, Outperforms All metals; Makes Big Move Relative to Two Week Trend
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Palladium (XPDUSD) Down $10.68 On 4 Hour Chart, Moves Down For the 3rd Consecutive Day; Breaks Below 100 Day Average
Relative to other instruments in the metals asset class, palladium ranked 3rd since the day prior in terms of percentage price change.
Palladium (XPDUSD) Down $19.57 Over Past 4 Hours, Underperforms All metals; Moves Down For the 2nd Consecutive Day
Those trading within the metals asset class should know that palladium was the worst performer in the class today.
Palladium (XPDUSD) Down $3.1 Over Past 4 Hours, Underperforms All metals; Price Base in Formation Over Past 14 Days
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.