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XPDUSD

Bearish divergence evident on Palladium Spot price $XPDUSDPalladium has had a run that can be described as nothing short of extravagant. Since bottoming out recently on the 16th August 2018, we have seen the price rally from $833 to the current high of $1615. To put it into perspective, that means the palladium price has basically doubled in a space of 7 months. With the recent inversion of the yield curve and markets taking a breather on Friday, we have seen the Palladium price come off +-3% in the form of a massive bearish engulfing candle. What is also interesting to note is that we are seeing bearish divergence where the RSI indicator has formed a lower high, not confirming the higher high in the spot price of Palladium. These kind of divergences can often result in quite a strong correction in price. Although i am by no means trying to call a top to this parabolic move (which is dangerous), i think the chart is finally starting to show some signs of caution. Also if you look at the weekly we have formed a massive weekly reversal candle which could further add conviction to this bearish call. I would prefer to see the recent daily closing lows of $1516-$1517 taken out to be fully comfortable an interim top is in place. If anything, caution is advised chasing this extreme move. Perhaps we also start to see the local platinum miners on the JSE consolidate their recent strong moves $JSEAMS $JSENHM $JSEIMP
OANDA:XPDUSDShort
by MarcoOlevano
1
Palladium - Short term top?Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst. This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever. This week candle closed as a bearish pin bar and as we can see the volume is getting smaller and smaller, now, of course i'll not trade based ONLY on a simple pin bar, and since we are at ATH we dont have previous resistances to analyse =) Daily chart is where im looking forward a short opportunity, if the price break and close below orange line i may short with good RxR targeting fico retracement zones and weekly 50ema. The low volume on last wave say that maybe the demand is slowly decreasing, maybe its too expensive now our beloved palladium ? And now we have a beautiful RSI BEARISH DIVERGENCE which give us confluence to try this one. Anyway remember, trade AGAINST the main trend is always dangerous and the main trend for palladium right now is BULLISH, thats why always trade with proper money management. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
OANDA:XPDUSDShort
by MarcelMartins
Palladium at $4,500? The opportunity you don't want to miss.It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade. Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001 this ratio peaked at 4.2. If it happens again, and there is no reason to believe it won't as the candle sequence that preceded this sharp rise is virtually identical, it will take Palladium's price just above $4,500. Very good long term opportunity indeed for patient investors. See our previous 1,367 target on the Palladium/ Gold comparison: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:PA1!Long
by InvestingScope
Palladium: Turning parabolic towards 1,800?It is no secret that Palladium is on a strong long term bullish trend, and we have discussed this subject on this comparison with Gold where we estimated a target of 1,367 (see the chart below). XPDUSD has even outperformed this target and is currently on a very interesting development where it can turn parabolic towards 1,800. Even if that doesn't materialize, the RSI shows that the target can be fulfilled either on the current 1D Channel Up (RSI = 58.312, MACD = 34.870, Highs/Lows = 0.0000) or the Higher Low support provided by the previous Channel Up. See our previous 1,367 target on the Palladium/ Gold comparison: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPDUSDLong
by InvestingScope
2
Platinum / Palladium Price Ratio - Long PlatinumThese charts deserve a closer look. :) Platinum / Palladium ratio just touched an all time low. You can see the explosive move up, following the last time the price ratio of these two metals touched this level. Considering the platinum chart on its own... Price recently found support from a ten year old support level... $750. Since then price has mostly consolidated with a couple failed breakouts dropping price back to support. However, although it doesn't look like much on the long term weekly chart, platinum is up $65 from the February low and has broken above $830, previous resistance. There's a couple interesting things looking at the Palladium chart also. Price is at a measured move above the midpoint from the lows, which also looks to be significant support / resistance. I'm not jumping all in calling a top in Palladium, but $1500 does sort of portray a psychological milestone in and of itself. And although the fundamental argument could be made that price still has a long way to run, I'm sure people were saying the same thing about Platinum in May 2008 before it dropped from $2200 down to $750 in the course of six months. And often technicals are all that's needed to trigger a sharp reversal in price... Looking at the selloff in crude October 2018.... All things said Platinum looks like a good buy and hold Risk / Reward ratio, supported by the strength across the other precious metals. I'm going to wait and see how Palladium reacts to the $1500 level...
OANDA:XPTUSDLong
by cccpKGB1
Signs of homemade inflation a few months away...For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace. => Inflation will begin to return in parts of the world later in the year (homemade) ...assuming we can clear risks on the US & China trade front then the stage looks set for a test as low as 1225 before any further meaningful upside ... would expect this to begin happening with an earnings recession towards Q3/Q4 this year. Good luck to those on the sell side here, we are being aggressive with the trigger in attempt to outsmart the beginning of a very large leg ahead of inflation data next week from the US.
FOREXCOM:XAUUSDShort
by ridethepig
Palladium: Bullish continuation on ideal conditions.XPDUSD (Palladium) has made a new Higher Low on its long term 1W Channel Up (MACD = 89.310, Highs/Lows = 86.3564, BBP = 189.9320) and due to the overbought RSI = 77.424, it should slow down its uptrend within the next 20 sessions. This doesn't necessarily mean that it has to consolidate sideways, but as it did on the late Oct - lat Nov period, it may rise slowly on a more standard Channel Up. 1D has created the perfect conditions for this (RSP = 58.571, Highs/Lows = 0.0000). We are going long again on Palladium with TP = 1,455. See our previous long term bullish report on Palladium (compared to Gold) and its strong long term buy bias. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPDUSD
by InvestingScope
1