The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversoldTrend support at 75.32
Daily :Lane's Stochastic is overboughtA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving Average
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It was a second consecutive positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.19 points, or 0.25%, and closed at 75.24 on Friday, July 06, 2018. Weekly volume was -59% below average.

Long-term trend: [See FXC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 67.71 and reached 81.48 on September 8, 2017. FXC gained -13.77 points, or -20.34%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (75.32) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-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 (80.35) 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 medium-term trend.

Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 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 April 17, 2018 at 78.74 and reached 73.71 on June 27, 2018. FXC lost 5.03 points, or 6.39%, in 71 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since June 28, 2018.

A Parabolic SAR (stop and reversal) indicator (74.78) comes close to the price (75.24). 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.84
Williams' Percentage Range (W%R) 43.40
Lane's Stochastic (%D-Slow) 87.06
Overbought
Greed/Fear Indicator (GFI) 66.51
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.55
Williams' Percentage Range (W%R) 72.60
Lane's Stochastic (%D-Slow) 15.11
Oversold
Greed/Fear Indicator (GFI) 27.53
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.82
Quarterly Trendline Support 80.35
Quarterly Trendline Resistance 79.39
Upper Bollinger Band 76.40
50 Day Moving Average 75.90
Yearly Trendline Support 75.32
Price 75.24
Daily Stochastic Crossing 75.14
20 Day Moving Average 74.86
Parabolic System 74.78
Weekly Stochastic Crossing 74.26
Lower Bollinger Band 73.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 78.74
High Date 04/17/2018
Low 73.71
Low Date 06/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.48
High Date 01/31/2018
Low 73.71
Low Date 06/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 79.39
Support 80.35
Low 71.70
Low Date 05/04/2017
High 81.48
High Date 09/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 82.82
Support 75.32
Low 67.71
Low Date 01/20/2016
High 81.48
High Date 09/08/2017
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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