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Palladium (XPDUSD)

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PALLADIUM trade ideas

Palladium reaching for the skyWelcome fellow Tradingviewers, This analyses is only showing you guys my vision on Palladium and should not be considered as financial advise. If you agree or find this analyses usefull dont forget to leave a Like . With that being said, we can start analyzing one of the less known rare metals around. We at Forallcrypto have been a fan of this metal since the beginning of 2017 and we are again at an important crossroad this week. We have drawn a couple of lines to indicate the ATH cycles from Palladium. for those of you who don't know. Palladium is being used in the car industry to ensure that tighter regulations regarding emissions can be followed. Palladium is a metal which has a lot of benificial properties, it is highly deviseable like gold, it can be used to help store hydrogen, it conducts electricity and besides this there are a lot of properties that i am not going to mention, DYOR. This is the fundamental side of it, Palladium has known a lot of difficult years but since breaking 'the first' ATH it has been going up like there is no roof. Lets look at the chart Since the 2017 ATH we have almost exacty seen a 100 % increase in the price. Since 2017 we have been breaking ATH's at a fast rate. I can already hear the voices: 'you dont want to buy at ATH' Lets analyse this. The reasons for buying now: - Palladium has overtook Gold in the list of most precious metals - We have seen a beautiful retrace to the 50 daily moving average which is known as the confidence indicator. - The last weekly candle has been a beautiful green candle above the last ATH indicating further upside movement. - Palladium had been getting almost 0 media attention for the last couple of years and it breaking ATH has not been shared by the media. - Industry applications are only getting better with China leading the way. - Tightening regulations regarding car mufflers will only increase demand in the car industry. - Hydrogen electricity plants are getting ready in the next 2 years - Moving averages are very Bullish - RSI and MACD bearish divergences can still be ignored - Let me know in the description below The reasons for not buying here: - Huge increase in price - Trading at ATH - RSI and MACD bearish divergence - Let me know in the description below I hope you guys enjoyed this analyses, if you want to discuss any of the fragments let me know in the description section below. If you agree or found this analyses useful don't forget to leave a like ! Kind Regards, Forallcrypto
OANDA:XPDUSDLong
by ForAllCrypto
Lets short it again!I have been watching palladium since i got stopped out of my earlier short(see attachment). Now seems like the perfect inflexion point to get in for another short . The Monthly is showing a very slender hanging man after 2 months of strong bullish momentum.This is an early signal for bears to come. This bullish momentum broke the 1550-1570 zone (shaded in blue) and we expect test of that zone in December or January. This is the basis of our trades.The weekly has a double to forming and adds to confluence for a short on this commodity. I like the H1 because just as i was looking for an entry a hanging man formed this past hour and that is an ideal place to start our shorts on Palladium. The blue resistance zone is the barrier at which all our stop losses should be located. The 1st part of our trades is up to the daily kijun zone then later on we will engage for the zone i mentioned above (1550-1570). Entry: 2 positions @ 1805 SL: 1824 TP1: 1779 TP2: 1754 NB: Remember to manage risk and position size appropriately
TVC:PALLADIUMShort
by taftrader
Palladium: As Long as Equities are Bullish so is PalladiumWhile everyone continues to short Palladium for whatever reason, I have continued to make several hundred pips as precious metal trading not only involves technicals, but also understanding that they are not stocks and one must have an understanding of their uses, purposes, where they are mined, the economies of where they are mined, and so forth. Many people shorted from 1685 which was the obvious carbon-copy correction from the preceding double peak. However, people held shorts afterwards hoping it would plummet to the 1400s which likely blew open many peoples accounts. As long as equities remain elevated, Palladium will continue to rise. At this time I see Palladium reaching 2000 as a first TP. From there we sha'll see what happens as its impossible to predict where equities will be 3, 4, 5 or 6 months out from the time of writing this idea. Palladium strength is tied to the economy (whether the economy is actually strong or weak but portrayed as strong, that is all that matters). As long manufacturing and productive capabilities of the overall economy stays reasonable, Palladium will remain elevated. In the longer-term, Palladium will remain "in-need" as countries around the world look for "environmentally friendly" options to improve carbon footprints from corrosion (i.e. for vehicles). TLDR: It makes absolutely no sense to be long equities and short on Palladium which is exactly the trend you are seeing now. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
PALLADIUM SHORT TRADEA clear bullish trend printed on the chart showing the buyer take control for the whole trend, however currently we are seeing a potential correction to create a new low that we can take advantage of. look for a retest of the broken neckline to confirm the resistance level before placing short trade. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support! LamchiuFX
FX_IDC:XPDUSDShort
by LCFXpro
3
Palladium Being Rescued By The 50smaPrice has been doing well since breaking through the previous all-time high at $1,615 on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it reached a high of $1,823 on 30th October 2019. A pullback, which was to be expected, came down and even dropped 122 points in 2 days. Day traders may have been scared off but as trend followers, we have kept our stops wide enough to allow for this type of move without getting prematurely stopped out. Right now, the 50 simple moving average is saving price from falling any lower and price appears to be climbing up this sma. There are two main potential outcomes going forward. Either price will head up and break and close above the current high at $1,823. The other outcome is that price may come down to find support at the previous all-time high at $1,615. Right now we are just managing our investments in Palladium as there is no reason to exit just yet. Palladium tends to endure deep pullbacks so we can expect a bumpy ride along the way up. As long as you are managing your trades correctly then you should be able to ride the trend all the way until the trend ends. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
Palladium: Likely One More Pump Then ConsolidationPalladium has certainly shined brightly this year and has been one of the best performing assets all year - up 40-50% depending on your stock and entry in the precious metal. Currently we formed a correction but have regained over 1700 status and I am eyeing some minor upwards consolidation for a few weeks with an eventual test of 1800, then a new ATH within the next 2-3 weeks before breaching around 2000 sometime later this year or into Q1 of 2020. Once we breach into the 2000-2100.00 range I suspect economic data will begin (based on timing), to finally show-up in the equity market and this will hinder Palladium from further gains as a result of it being tied to manufacturing/productive capacity. However, with the world focusing on "clean", "green" and the "environment", Palladium's price should remain elevated at the 1600 level +/- 100.00 for several months before falling lower. Once a recession happens (whenever that may-be - I forecast one by late 2020), I believe the price of Palladium will likely slip to anywhere from 1300 to 1400 (impossible to know exactly where). For investors, Palladium is certainly a precious metal for long-term money; unlike Gold and Silver which are more fiat currency hedges, Palladium has mass "real-world" uses and its use will only surge as time progresses. For traders, there will be several good short opportunities but now is not the time. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
Palladium Suffering From Big Selling!Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every big move we can expect to see price become exhausted and form a pullback, reversal or consolidation. In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern. A cup & handle in an uptrend is a strong continuation pattern but only if the neckline is broken. That did occur on September 19th 2019 and since then we have seen a 13% rally. The pattern of trends followed by pullbacks continues and we are currently experiencing just that. The current pullback has moved down 122 points in just 2 days and is currently finding support at the 50sma. To confirm a continuation to the upside we want to see a break and close above the October 30th high at $1,823. If price fails at the current support area then we have the resistance turned support level at $1.615 which is a major support area. We need to give price some time and space to move and as the overall trend is up, the bias is for a continuation to the upside. In the meantime, we have to see if price will follow the momentum and continue trending for some time. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium - CorrectionPalladium has confirmed a break of the uptrend line. To add to this signal, the top of this last move up coincides with the 161.80 fib extension level which could have been used as a profit taking level for longs. A correction from here down to the 1615-1600 level (previous resistance zone) makes sense and this would be an ideal area to look for longs. Shorting here is a risky option as it is a counter trend trade however previous corrections have been around 10-20% so a move down to the previous mentioned levels is a realistic scenario. Also there is an acceptable risk/reward ratio of approx. 1.4 if using the previous top as a stop loss level. This analysis is for my own reference. This is not trading or financial advice. Price Target 1615 ETA Early Dec
OANDA:XPDUSDShort
by armandoizquierdo
Is Palladium finally running out of steam?SHORT - XPDUSD SL: 1811.95 (Suggested by our algorithmic system) SL: 1832.00 (Safer option, personal suggestion) TP: 1697.89 Reasons behind this idea: 1. Support trendline is subjectively broken. 2. MACD and Stochastic indicators have crossed down, bearish. 3. Minor RSI bearish divergence. ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline (New Resistance Trendline) Blue Solid Line: Next Supporting Trendline Red Solid Line: Previous Resistance Trendline Purple Line: Stoploss suggestion from our algorithmic system Green Line: Take Profit suggestion from our algorithmic system Red Arrow: Bearish Divergence Screenshot of our mobile app alert: ibb.co (Timestamps are Australian Sydney Time UTC+7) Please trade responsibly and good luck!
OANDA:XPDUSDShort
by TradeDayOnline
3