REDATOR Ben Graham Posted January 7 REDATOR Report Share Posted January 7 Palladium vs USD Although a Bearish Divergence is detected between XPD/USD price movement and RSI(14), but with both EMAs in a Golden Cross and RSI in the Neutral-Bullish area, indicates only a limited correction and still has the potential for further strengthening. Key Levels1. Resistance. 2 : 1979.312. Resistance. 1 : 1922.293. Pivot : 1808.484. Support. 1 : 1751.465. Support. 2 : 1637.65Tactical ScenarioPositive Reaction Zone: If the price breaks out and closes above 1808.48, the price may move up toward 1922.29.Momentum Extension Bias: If 1922.29 is also broken, XPD/USD could test 1979.31. Invalidation Level / Bias RevisionThe upside bias weakens if XPD/USD declines to breaks and closes below 1637.65. Technical SummaryEMA(50) : 1809.06EMA(200): 1746.01RSI(14) : 51.31 + Bearish DivergentEconomic News Release Agenda:Tonight from the United States, the following important economic data will be released:US - ADP Non-Farm Employment Change -20:15 WIBUS - ISM Services PMI - 22:00 WIBUS - JOLTS Job Openings - 22:00 WIBUS - Factory Orders m/m - 22:00 WIBUS - Crude Oil Inventories - 22:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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