XPDUSD - DAILY - TRIANGLE CHART PATTERN

, , , ,


All Videos were delivered in Real-Time.
Login or try the Live Service for Free...

Forex Education Video for XPDUSD showing a TRIANGLE CHART PATTERN posted on 06-08-2013

XPDUSD - DAILY - TRIANGLE CHART PATTERN

Loading ForexTrading.TV video player...

PALLADIUM inches lower as a mining forum takes place in Kalgoorlie.

A Forex trading technical analysis video showing today's test of the lower edge of a triangle chart pattern.  This as the so-called Diggers & Dealers mining forum takes place today in Kalgoorlie, Australia.  The World Gold Council believes the supply/demand imbalance in the spot gold market will stabilise because 'recycling is positively correlated to the gold price'.  Were spot palladium prices to close below the triangle, 10 and 20-day moving averages would probably cross to a short position, backing up the parabolic SAR which did so 7 days ago.

See More Forex Education Videos in our Alerts Archive

Nicole Elliott

Related Posts

XPDUSD - DAILY - RECTANGLE CHART PATTERN

PALLADIUM is this year's best-performing precious metal.

A Forex Trading technical analysis video showing Friday's strong weekly close above the top of rectangle consolidation that has dominated the last four weeks or so. Moving averages are lined up to support further gains as investors fret over supply of this platinum group metal because of strikes in South Africa and the potential for sanctions on Russia. The rectangle takes place above the top edge of a massive triangle chart pattern that has dominated for the last four years, and somethi…
Continue Reading →

XPDUSD - DAILY - TRIANGLE CHART PATTERN

SPOT PALLADIUM outperforms gold by a wide margin.

A Forex Trading technical analysis video showing Friday's massive rally in the value of spot palladium with a huge Marabuzo candlestick which almost engulfs all the bodies of the candlesticks of the previous two and a half weeks. This constitutes an important break above the top of a massive triangle chart pattern that has dominated since 2011. Note also how the gold/palladium ratio tumbled last week and how, on the weekly chart, this outperformance has been the salient feature for almos…
Continue Reading →

XPDUSD - DAILY - RELATIVE STRENGTH INDEX - RSI

Palladium more overbought than it has been in 18 months.

A Forex Trading technical anaysis video showing the sixth consecutive strong daily rally in the price of spot palladium, taking it up to the highest levels reached a year ago, in turn its most expensive since August 2011. Needless to say the RSI is more overbought than it has been in 18 months though the MACD is strongly bullish as is momentum. This week's move has also taken prices above a massive long term triangle in which this metal has been trading since late 2010. It hints that we…
Continue Reading →

XPDUSD - DAILY - RANGE RESISTANCE

Palladium slips slowing from range resistance.

See More Forex Education Videos in our Alerts Archive A Forex Trading technical analysis video showing another area of stress in emerging markets. Spot palladium has drifted from the upper edge of the range that we have become accustomed to over the last six months, from $750.00 per ounce to just over $715.00 today. This despite a backdrop of striking miners in South Africa, coupled with a weakening Rand, underlining investor reluctance to hold anything but the most so-called 'safe…
Continue Reading →