XPDUSD - DAILY - TREND CHANNEL
PALLADIUM topping against a trend channel?
A Forex trading technical analysis video showing the large swings since March which have held in a broad trend channel. The parabolic SAR has captured most of these well and is suggesting one reverses a long position on a close at $728.50, just above the $725.00 level that contained last week's lows. Monday's gravestone doji hints that a high might be in place, as does yesterday's small hanging man candlestick. Note that palladium has performed much better than gold this year, moving from 2.88 ounces to just 1.82 today in the gold/palladium ratio.
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