The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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Euro Currency Trust
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Summary:
Weekly :
Daily :A Parabolic SAR indicator is above and near the price
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It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE gave back -0.35 points, or -0.30%, and closed at 114.64 on Friday, December 01, 2017. Weekly volume was -62% 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 93.02 and resistance is at 128.28. 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 116.39 on September 8, 2017. FXE gained -15.93 points, or -15.86%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 108.20 and resistance is at 120.82. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FXE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 29, 2017. 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 November 7, 2017 at 111.54 and reached 115.28 on November 27, 2017. FXE gained -3.74 points, or -3.35%, in 20 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 114.43 and resistance is at 115.97. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 9, 2017. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (113.56) comes close to the price (114.64). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.53
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 64.96
Greed/Fear Indicator (GFI) 70.07
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.30
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 37.68
Greed/Fear Indicator (GFI) 51.04
Moving Average Converg./Diverg. (MACD) 1.61
Trading Signals
Description Value Chart
Yearly Trendline Resistance 128.28
Quarterly Trendline Resistance 120.82
Weekly Trendline Resistance 115.97
Upper Bollinger Band 115.83
Price 114.64
Daily Stochastic Crossing 114.44
Weekly Trendline Support 114.43
Parabolic System 113.56
50 Day Moving Average 113.46
20 Day Moving Average 113.38
Weekly Stochastic Crossing 113.19
Monthly Trendline Resistance 112.57
Lower Bollinger Band 111.69
Monthly Trendline Support 110.17
Quarterly Trendline Support 108.20
Yearly Trendline Support 93.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.03
Low Date 11/28/2017
High 115.04
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 115.97
Support 114.43
Low 111.54
Low Date 11/07/2017
High 115.28
High Date 11/27/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 112.57
Support 110.17
High 116.39
High Date 09/08/2017
Low 111.54
Low Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 120.82
Support 108.20
Low 100.46
Low Date 01/03/2017
High 116.39
High Date 09/08/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 128.28
Support 93.02
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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