Palladium

(Last Updated October 27, 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 and 30 day timeframes.

XPDUSD Moving Averages

The moving averages on XPDUSD summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, implying a upward trend, aside from a drop about 6 months prior.

Below is a chart showing XPDUSD’s price with its moving averages.

The View From the Weekly Timeframe

Currently, XPDUSD’s price is down $-31.64 (-1.32%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on XPDUSD. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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. XPDUSD’s weekly price action over the past 52 weeks can be seen via the chart below.