0
0
October 29, 2020 at 02:38PM
• Palladium falling inside wave c
• Likely to reach 2185.00 and 2150.00
Palladium continues to fall inside the sharp impulse wave c, which started earlier from the resistance area lying between the resistance level 2450.00 (which has been reversing the price from September) and the upper daily Bollinger Band.
The price is currently approaching the key support level 2185.00 (low of wave (iv) from last month).
If palladium breaks below the support level 2185.00 the price is then likely to fall further toward the next strong support level 2150.00 (which reversed the price multiple times in August, target for the completion of wave 4).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/palladium-wave-analysis-29-october-2020-20201029/
Selected by fonecable.com
Search Web: Palladium Wave Analysis 29 October, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Average Rating