FXGlory Ltd
Well-known member
Palladium analysis for 26.02.2024
Time Zone: GMT +2
Time Frame: 4 Hours (H4)
On the H4 timeframe, Palladium's price is stuck in a sideways pattern, as shown by the Ichimoku Cloud's indecision and the RSI's middle-ground reading. Momentum is low per the MACD's tight histogram, so traders might want to wait for a decisive move. With distinct support and resistance levels identified, a significant move past these could indicate the next trend. Traders should watch global economic signals and palladium supply updates closely and manage risks carefully.
Disclaimer: This analysis is intended for informational purposes only and should not be taken as investment advice. Trading decisions should be based on individual risk tolerance, market knowledge, and thorough analysis.
To read more about the Palladium's technical and fundamental prospects, please click on this link.
FxGlory
26.02.2024
Time Zone: GMT +2
Time Frame: 4 Hours (H4)
On the H4 timeframe, Palladium's price is stuck in a sideways pattern, as shown by the Ichimoku Cloud's indecision and the RSI's middle-ground reading. Momentum is low per the MACD's tight histogram, so traders might want to wait for a decisive move. With distinct support and resistance levels identified, a significant move past these could indicate the next trend. Traders should watch global economic signals and palladium supply updates closely and manage risks carefully.
Disclaimer: This analysis is intended for informational purposes only and should not be taken as investment advice. Trading decisions should be based on individual risk tolerance, market knowledge, and thorough analysis.
To read more about the Palladium's technical and fundamental prospects, please click on this link.
FxGlory
26.02.2024
