Palladium (XPDUSD) Up $42.25 Over Past 4 Hours, Started Today Down 0.84%; Pin Bar Pattern Appearing on Chart

Palladium (XPDUSD) Up $42.25 Over Past 4 Hours, Started Today Down 0.84%; Pin Bar Pattern Appearing on Chart

Posted on by admin

Palladium 4 Hour Price Update

Updated June 05, 2020 11:18 AM GMT (07:18 AM EST)

Palladium is up 2.05% ($42.25) since the previous 4 hours, marking the 5th candle in a row an increase has occurred. Relative to other instruments in the metals asset class, Palladium ranked 2nd since the previous 4 hours in terms of percentage price change.

Palladium Daily Price Recap

Palladium closed the day prior down 0.84% ($16.45); this denotes the 3rd day in a row it has gone down. On a relative basis, Palladium was the worst performer out of all 5 of the assets in the metals asset class today. Here is a daily price chart of Palladium.

Palladium Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Palladium crossed below its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Palladium’s price has gone down 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Palladium for the past day were:

  • From palladiumtweets:
    Hong Kong #Palladium #Price Morning Session Open: $1954.7 USD per oz 2020-06-04 08:30:23 HKT
  • From palladiumtweets:
    Hong Kong #Palladium #Price Morning Session Open: $1938.7 USD per oz 2020-06-05 08:30:23 HKT
  • From palladiumtweets:
    Hong Kong #Palladium #Price Morning Session Close: $1992.5 USD per oz 2020-06-03 14:30:23 HKT

Leave a Reply

Your email address will not be published. Required fields are marked *