The Greedy Trader Weekly Analysis
Sign In Aug 17, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 8/10/2018
Sign In to see current Signals.
Euro Currency Trust
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Move cursor over the icon to see details.

It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE dropped -1.65 points, or -1.49%, and closed at 109.30 on Friday, August 10, 2018. It was the worst weekly loss since May 18, 2018. Weekly volume was -60% below average.

Long-term trend: [See FXE long-term trend chart]
A long-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 uptrend support line (119.98) 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 long-term trend.

Medium-term trend: [See FXE medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 120.65 and reached 109.18 on August 10, 2018. FXE lost 11.47 points, or 9.51%, in 28 weeks. Price is near the trend low.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 16, 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 FXE short-term trend chart]
A short-term downtrend had started on July 20, 2018 at 112.57 and reached 109.18 on August 10, 2018. FXE lost 3.39 points, or 3.01%, in 21 days. Price is near the trend low.

Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 1, 2018. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 25.81
Williams' Percentage Range (W%R) 92.00
Strong Oversold
Lane's Stochastic (%D-Slow) 16.57
Oversold
Greed/Fear Indicator (GFI) 16.78
Oversold
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.57
Williams' Percentage Range (W%R) 97.50
Strong Oversold
Lane's Stochastic (%D-Slow) 32.86
Greed/Fear Indicator (GFI) 25.72
Moving Average Converg./Diverg. (MACD) -0.83 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 128.19
Yearly Trendline Support 119.98
Upper Bollinger Band 112.88
50 Day Moving Average 111.87
20 Day Moving Average 111.57
Parabolic System 111.57
Weekly Stochastic Crossing 110.40
Lower Bollinger Band 109.86
Daily Stochastic Crossing 109.73
Price 109.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 111.39
High Date 08/08/2018
Low 109.18
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.57
High Date 07/20/2018
Low 109.18
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.97
High Date 07/09/2018
Low 109.18
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.65
High Date 01/25/2018
Low 109.18
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 128.19
Support 119.98
Low 100.46
Low Date 01/03/2017
High 120.65
High Date 01/25/2018
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.

Copyright© 2004-2016 All rights reserved.