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CurrencyShares Canadian Dollar Trust
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|It was a first positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.41 points, or 0.54%, and closed at 76.96 on Friday, March 09, 2018. It was the best weekly gain since January 26, 2018. Weekly volume was -29% below average. |
Long-term trend: [See FXC long-term trend chart]
A long-term uptrend had started on May 4, 2017 at 71.70 and reached 81.48 on September 8, 2017. FXC gained -9.78 points, or -13.64%, in 18 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (77.94) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
Medium-term trend: [See FXC medium-term trend chart]
A medium-term uptrend had started on December 19, 2017 at 76.36 and reached 80.48 on January 31, 2018. FXC gained -4.12 points, or -5.40%, in 6 weeks. The price is now at the 85.44% retracement level.
Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 16, 2018. Use the following link to access a MACD help.
Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on January 31, 2018 at 80.48 and reached 75.88 on March 7, 2018. FXC lost 4.60 points, or 5.72%, in 35 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (75.70) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
Daily Technical Indicators: [See FXC 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. 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 daily MACD line is below its signal line since February 1, 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.