Palladium 4H Asian Session (01.07.2014) Technical Analysis

The Palladium / US Dollar pair ( XPDUSD ) 4H Diagram Technical Analysis Training shows the following:

The XPDUSD pair has made a long development and now is above all indicators. The support line is above the KUMO so we are on a long term bullish mode. The daily diagram is bullish and the weekly/monthly diagram shows bullish trend .

So the first think in mind is that XPDUSD pair will move upwards....but As you can see the XPDUSD has made reversal hammer candlesticks . MACD is marginally on a bearish sigh and RSI is bullish .

We have no special candlestick pattern except the hammers. The pair is above the KUMO, above the Tenkan Sen (Green line) and Kijun Sen (blue line) too. The pair is above the EMA 200 (4H).

There is no special pattern. The fib fro 807,6 to 836,7 (projection) shows a support at 836,7 (this week).

Personally I think that a short way has begun towards the support line.


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