Palladium (XPDUSD) Down $3.57 in Last 4 Hours, Started Today Down 0.19%; 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 down 18 them.
Palladium
(Last Updated July 2, 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
If we observe the 90 and 30 day timeframes, we see a downtrend in place for XPDUSD.
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 200) — are bearish, suggesting the trend is generally downward, save for a rally that occurred about 6 months ago. Moreover, today we saw the 50 moving average turn bearish.
The chart below illustrates.
Palladium (XPDUSD) Down $25.37 Over Past 4 Hours, Fares the Worst Out of metals; 3 Day Up Streak Ended
Those trading within the metals asset class should know that palladium was the worst performer in the class today.
Palladium (XPDUSD) Up $43.68 in Last 4 Hours, Entered Today Up 1.38%; Breaks Above 20 and 50 Day Averages
Relative to other instruments in the metals asset class, palladium ranked 2nd since the day prior in terms of percentage price change.
Palladium (XPDUSD) Up $26.32 Over Past 4 Hours, Started Today Up 1.38%; Breaks Above 20 and 50 Day Averages
Out of the 5 instruments in the metals asset class, palladium ended up ranking 2nd for the day in terms of price change relative to yesterday.
Palladium (XPDUSD) Up $43.68 On 4 Hour Chart, Outperforms All metals; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 17 out of the past 30 days.
Palladium (XPDUSD) Up $17.9 On 4 Hour Chart, And A Link About Coronavirus Infections; Outperforms All metals
On the other hand, palladium is both a precious metal and industrial metal….
Palladium (XPDUSD) Down $21.7 On 4 Hour Chart, Underperforms All metals; Started Today Down 1.16%
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 $59.79 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Started Today Down 3.11%
Relative to other instruments in the metals asset class, palladium ranked 4th since yesterday in terms of percentage price change.
Palladium (XPDUSD) Down $14.58 On 4 Hour Chart, Started Today Down 0.43%; Eyes 20 Day Average
For another vantage point, consider that palladium’s price has gone down 16 of the previous 30 trading days.
Palladium (XPDUSD) Up $27.68 Over Past 4 Hours, Entered Today Up 1.45%; Price Base in Formation Over Past 30 Days
Relative to other instruments in the metals asset class, palladium ranked 3rd since the previous day in terms of percentage price change.