Palladio Dollari Analisi Tecnica | Palladio Dollari Trading: 2020-05-07 | IFCM Italy
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Palladio Dollari Analisi Tecnica - Palladio Dollari Trading: 2020-05-07

Palladio Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 1760.90

Sell Stop

Sopra 2057.75

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articoli2608
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Neutro
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Palladio Chart Analysis

Palladio Chart Analysis

Palladio Analisi Tecnica

On the daily timeframe the XPDUSD: D1 has fallen below the 200-day moving average MA(200), which is levelling off. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 1760.90. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian boundary at 2057.75. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (2057.75) without reaching the order (1760.90), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale PRECIOUS_METALS - Palladio

Global car sales fell sharply in April. Will the XPDUSD continue declining?

Palladium is used in catalytic converters with platinum and rhodium to reduce pollutant output of exhausts. The majority of palladium production - more than 80 percent of the world's production, is used in the catalytic converters. Sales of new passenger cars have plummeted all over the world after the coronavirus outbreak. In the UK sales slumped 97 percent in April, according to the Society of Motor Manufacturers and Traders. Declines in Italy and Spain were similar, while in France the decline was an 89 percent. Since the outbreak began in March, retailers have sold nearly 800,000 vehicles fewer in US than initially forecast, according to J.D. Power. And sales were down about 40 percent just last week. There have been reports Hertz, Avis and Enterprise have canceled all orders of GM vehicles for May, June and into July. Moody’s Investors Service in recent weeks downgraded Ford’s credit rating and said was considering a similar action for GM. The ratings agency predicted “severe disruption” in demand for new vehicles. Lower demand for catalytic converters is bearish for XPDUSD.

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