The Greedy Trader Weekly Analysis
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Archive
- 9/14/2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are oversold
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA climbed 0.57 points, or 0.80%, and closed at 71.66 on Friday, September 14, 2018. It was the best weekly gain since April 13, 2018. Weekly volume was -43% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 81.36 and reached 70.90 on September 11, 2018. FXA lost 10.46 points, or 12.86%, in 32 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 69.70 and resistance is at 72.51. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on July 9, 2018 at 74.85 and reached 70.90 on September 11, 2018. FXA lost 3.95 points, or 5.28%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.78 and resistance is at 73.29. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index and Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term downtrend had started on August 21, 2018 at 73.82 and reached 70.90 on September 11, 2018. FXA lost 2.92 points, or 3.96%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.50 and resistance is at 73.28. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (72.01) comes close to the price (71.66). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.60
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 39.22
Greed/Fear Indicator (GFI) 34.57
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.88
Oversold
Williams' Percentage Range (W%R) 83.60
Oversold
Lane's Stochastic (%D-Slow) 21.69
Greed/Fear Indicator (GFI) 27.78
Moving Average Converg./Diverg. (MACD) -1.00
Trading Signals
Description Value Chart
Upper Bollinger Band 74.02
50 Day Moving Average 73.30
Monthly Trendline Resistance 73.29
Weekly Trendline Resistance 73.28
Quarterly Trendline Resistance 72.51
20 Day Moving Average 72.45
Parabolic System 72.01
Weekly Stochastic Crossing 71.87
Price 71.66
Daily Stochastic Crossing 71.56
Monthly Trendline Support 70.78
Lower Bollinger Band 70.57
Weekly Trendline Support 70.50
Quarterly Trendline Support 69.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.90
Low Date 09/11/2018
High 72.28
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 73.28
Support 70.50
High 73.82
High Date 08/21/2018
Low 70.90
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 73.29
Support 70.78
High 74.85
High Date 07/09/2018
Low 70.90
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 72.51
Support 69.70
High 81.36
High Date 01/26/2018
Low 70.90
Low Date 09/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.33
Low Date 01/15/2016
High 81.36
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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