CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Palladium price increased 2.6%

Fast Moving Market - 30/03/2023

30 March, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Palladium price increased 2.6%. Palladium Prices are moving sharply higher as US data comes in softer than expected, putting negative pressure on the US dollar and pushing the metals higher.

Possible Scenarios:

If Palladium fails to breach through R2 of 1488.91, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R2 of 1488.91, our Research Department expects the Palladium to extend its gains to its R3 of 1501.3.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

1418.70

1431.09

1443.48

1460.00

1476.52

1488.91

1501.30

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €91.8

(+/-) £80.92

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08937
***GBP/USD = 1.23586
Calculations for exchange rate used as of Thursday, March 30, 2023, GMT+1 14:30h

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

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