NEWS: Palladium price is falling 1.7%. Palladium price is falling sharply, as the US dollar increases on the back of higher US bond yields.
Possible Scenarios:
If Palladium fails to breach through S2 of 1165.56, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 1165.56, our Research Department expects the Palladium to extend its losses to its S3 of 1150.90.
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1150.90 |
1165.56 |
1180.21 |
1199.75 |
1219.29 |
1233.95 |
1248.60 |
Support and Resistance Levels:
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €95.53 |
(+/-) £82.9 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.04683
***GBP/USD = 1.20623
Calculations for exchange rate used as of Tuesday, October 3, 2023 GMT+1, 13:00