Palladium
(Last Updated April 15, 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
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.
Palladium (XPDUSD) Up $3.35 in Last 4 Hours, Tops All metals; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
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.