Palladium (XPDUSD) Down $83.38 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Down 3.54%
Relative to other instruments in the metals asset class, palladium ranked 3rd since yesterday in terms of percentage price change.
Palladium
(Last Updated September 21, 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
On XPDUSD, there is currently an uptrend on the 90, 30 and 14 day timeframes.
XPDUSD Moving Averages
Across several time periods between 20 and 200 days, the trend on XPDUSD has remained consistently bullish.
Below is a chart showing XPDUSD’s price with its moving averages.
The View From the Weekly Timeframe
Currently, XPDUSD’s price is up $36.15 (1.56%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as XPDUSD has now gone up 8 of the past 10 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. 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.
Palladium (XPDUSD) Down $63.75 Over Past 4 Hours, Entered Today Down 3.16%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that palladium’s price has gone down 6 of the previous 10 trading days.
Palladium (XPDUSD) Down $10.61 Over Past 4 Hours, And A Story About Safe Havens; Started Today Down 0.44%
Obviously, palladium has a mind of its own, switching from a safe haven to a commodity, but mostly benefiting from both, since the price has been increasing since 2009….
Palladium (XPDUSD) Up $96.63 in Last 4 Hours, And A Story About Safe Havens; Outperforms All metals
As a result, the global equity market often moves lower, while trading in safe havens, like the us dollar and palladium, remains bullish….
Palladium (XPDUSD) Down $7.44 On 4 Hour Chart, Started Today Down 0.32%; But Still in an Uptrend Over Past 90 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) Up $27.2 in Last 4 Hours; Entered Today Up For the 2nd Straight Day
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 $21.66 Over Past 4 Hours, 3 Day Down Streak Broken; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, palladium ranked 2nd since the previous day in terms of percentage price change.
Palladium (XPDUSD) Down $2.59 Over Past 4 Hours, 2 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
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 $20.91 in Last 4 Hours, Entered Today Down For the 2nd Straight Day; in an Uptrend Over Past 90 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 yesterday.