The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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Euro Currency Trust
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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineTrend support at 117.93
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE dropped -2.21 points, or -1.84%, and closed at 117.79 on Friday, February 09, 2018. Weekly volume was -51% below average.

Long-term trend: [See FXE long-term trend chart]
A long-term downtrend had started on April 22, 2008 at 160.50 and reached 100.46 on January 3, 2017. FXE lost 60.04 points, or 37.41%, in 454 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 92.40 and resistance is at 127.66. 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 FXE medium-term trend chart]
A medium-term uptrend had started on January 3, 2017 at 100.46 and reached 120.65 on January 25, 2018. FXE gained -20.19 points, or -20.10%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (117.93) 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 medium-term trend.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 12, 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 FXE short-term trend chart]
A short-term uptrend had started on December 12, 2017 at 112.95 and reached 120.65 on January 25, 2018. FXE gained -7.70 points, or -6.82%, in 44 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (120.71) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXE may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.95
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 14.17
Oversold
Greed/Fear Indicator (GFI) 30.39
Moving Average Converg./Diverg. (MACD) 1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.32
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 84.98
Overbought
Greed/Fear Indicator (GFI) 71.76
Moving Average Converg./Diverg. (MACD) 1.51
Trading Signals
Description Value Chart
Yearly Trendline Resistance 127.66
Monthly Trendline Resistance 122.13
Weekly Trendline Resistance 121.57
Quarterly Trendline Resistance 121.28
Weekly Trendline Support 120.71
Parabolic System 120.02
Upper Bollinger Band 120.01
Weekly Stochastic Crossing 119.63
20 Day Moving Average 118.72
Quarterly Trendline Support 117.93
Daily Stochastic Crossing 117.85
Price 117.79
Lower Bollinger Band 116.45
50 Day Moving Average 116.21
Monthly Trendline Support 115.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 120.65
High Date 01/25/2018
Low 117.51
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 121.57
Support 120.71
Low 112.95
Low Date 12/12/2017
High 120.65
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 122.13
Support 115.30
Low 111.54
Low Date 11/07/2017
High 120.65
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 121.28
Support 117.93
Low 100.46
Low Date 01/03/2017
High 120.65
High Date 01/25/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 127.66
Support 92.40
High 160.50
High Date 04/22/2008
Low 100.46
Low Date 01/03/2017
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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