Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Palladium Spot (FOREX:XPDUSDO)
Sidelines Mode (-55) - XPDUSDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XPDUSDO?
MarketClub looks at technical strength and momentum to determine if the timing is right for XPDUSDO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XPDUSDO
The long-term trend has been DOWN since Mar 12th, 2020 at 1820.5
The intermediate-term trend has been UP since May 17th, 2020 at 2076.0
The short-term trend has been DOWN since May 27th, 2020 at 1942.0
Smart Scan Analysis for XPDUSDO
Based on our trend formula, XPDUSDO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).