The Greedy Trader Weekly Analysis
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- 2/16/2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Bearish Evening Star CandlestickStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gained 1.07 points, or 1.37%, and closed at 79.06 on Friday, February 16, 2018. Weekly volume was -25% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 68.33 and reached 81.36 on January 26, 2018. FXA gained -13.03 points, or -19.07%, in 106 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (75.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on December 8, 2017 at 75.03 and reached 81.36 on January 26, 2018. FXA gained -6.33 points, or -8.44%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. 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 January 26, 2018 at 81.36 and reached 77.72 on February 9, 2018. FXA lost 3.64 points, or 4.47%, in 14 days. Price is near the Fibonacci 38.2% retracement level.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since January 31, 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See FXA candlestick chart pattern]
On Friday the chart has formed a Bearish Evening Star Candlestick pattern. This is a major top reversal pattern that appears in an uptrend. The reliability of the Bearish Evening Star pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Evening Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.86
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 62.69
Greed/Fear Indicator (GFI) 44.70
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.42
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 77.91
Greed/Fear Indicator (GFI) 67.78
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 81.18
Weekly Stochastic Crossing 80.09
20 Day Moving Average 79.55
Price 79.06
Daily Stochastic Crossing 78.97
50 Day Moving Average 78.39
Parabolic System 77.78
Lower Bollinger Band 77.00
Yearly Trendline Resistance 76.66
Yearly Trendline Support 75.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.72
Low Date 02/09/2018
High 79.43
High Date 02/15/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.36
High Date 01/26/2018
Low 77.72
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.03
Low Date 12/08/2017
High 81.36
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.64
Low Date 05/24/2016
High 81.36
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 76.66
Support 75.16
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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