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
(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) 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.
Palladium (XPDUSD) Up $7.18 in Last 4 Hours; Entered Today Down 0.53%
Relative to other instruments in the metals asset class, palladium ranked 4th since yesterday in terms of percentage price change.
Palladium (XPDUSD) Down $97.47 Over Past 4 Hours, Fares the Worst Out of metals; Makes Big Move Relative to Past Two Months
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 $97.47 On 4 Hour Chart, Underperforms All metals; Crosses 20 and 50 Day Moving Averages
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 $6.89 On 4 Hour Chart, Underperforms All metals; But Still in an Uptrend Over Past 14 Days
For another vantage point, consider that palladium’s price has gone down 16 of the previous 30 trading days.