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Wave Tech Analysis

FxPro Forex Analysis: Palladium Wave Analysis – 20 September , 2018

• Palladium rising sharply
• Further gains are likely

Palladium has been rising sharply in the last few trading sessions following the earlier breakout of the round resistance level 1000.00 (which was mentioned in our earlier forecast for this instrument).

The breakout the resistance level 1000.00 accelerated the active short-term impulse wave 5 – which then broke through the next strong resistance level 1020.00.

With the rising daily Momentum – Palladium is expected to rise further and retest the next strong resistance levels 1050.00 and 1060.00.

PDUUSD3 - 1 - Sep-20 1601 PM (1 day)