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.
(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:
On XPDUSD, there is currently an uptrend on the 90 and 30 day timeframes.
The moving averages on XPDUSD indicate a trend that is clearly bullish.
The chart below illustrates.
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.
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
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.
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.
Relative to other instruments in the metals asset class, palladium ranked 3rd since the day prior in terms of percentage price change.
Those trading within the metals asset class should know that palladium was the worst performer in the class today.
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
Relative to other instruments in the metals asset class, palladium ranked 4th since yesterday in terms of percentage price change.
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
For another vantage point, consider that palladium’s price has gone down 16 of the previous 30 trading days.