NEWS: Palladium price is falling -2.2% following a stronger dollar
Possible Scenarios:
If Palladium fails to breach through S2 of 991.72, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 991.72, our Research Department expects the Palladium to extend its losses to its S3 of 983.35
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
983.35 |
991.72 |
1000.09 |
1011.25 |
1022.41 |
1030.78 |
1039.15 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €95.86 |
(+/-) £79.42 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.04320
***GBP/USD= 1.25907
Calculations for exchange rate used as of Wednesday, February 19, 2025, 15:05 GMT