NEWS: Palladium price is falling -2.2% as the US dollar strengthens.
Possible Scenarios:
If Palladium fails to breach through S2 of 964.15, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 964.15, our Research Department expects the Palladium to extend its losses to its S3 of 952.00
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
952.00 |
964.15 |
976.30 |
992.50 |
1008.70 |
1020.85 |
1033.00 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.35 |
(+/-) £79.2 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.08279
***GBP/USD= 1.26260
Calculations for exchange rate used as of Wednesday, March 27, 2024, 13:05 GMT