palladium sliding towards 620s

Palladium among the metals are losing their shine for second week in row.

Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$.

A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead .

On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$

Stop loss will be on close above 675$ .

All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber.

However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.

Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

storj update - 1h chart very bullish

Following up on previous analysis for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

Only charts

Search This Blog