The Greedy Trader Weekly Analysis
Sign In May 17, 2024
Skip Navigation Links
TA Search
Share
Daily Price vs. Fibonacci:Near 50.0% retracement level
Number of records: 6
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 5/10/2024 -
Sign In to see current Signals.

Euro Currency Trust (FXE) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Euro Currency Trust (FXE). During the week, the FXE climbed 0.13 points, or 0.13%, and closed at 99.46 on Friday, May 10, 2024. Weekly volume was -51% below average.

Long-term trend: [See FXE long-term trend chart]
A long-term downtrend had started on January 25, 2018 at 120.65 and reached 88.39 on September 27, 2022. FXE lost 32.26 points, or 26.74%, in 243 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 80.54 and resistance is at 110.43. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FXE medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 88.39 and reached 103.84 on July 17, 2023. FXE gained -15.45 points, or -17.48%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (101.21) 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 FXE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is low and getting smaller. 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 December 27, 2023 at 102.77 and reached 97.89 on April 16, 2024. FXE lost 4.88 points, or 4.75%, in 111 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 97.39 and resistance is at 100.38. 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 short-term trend.

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

The daily MACD line is above its signal line since April 24, 2024.

A Parabolic SAR (stop and reversal) indicator (98.64) comes close to the price (99.46). 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.

The price is close to 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.

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) 67.33
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.36
Overbought
Greed/Fear Indicator (GFI) 80.56
Overbought
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.02
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 29.13
Greed/Fear Indicator (GFI) 37.70
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 110.43
Quarterly Trendline Resistance 101.90
Quarterly Trendline Support 101.21
Monthly Trendline Support 100.45
Weekly Trendline Resistance 100.38
Upper Bollinger Band 100.02
Monthly Trendline Resistance 100.00
50 Day Moving Average 99.64
Price 99.46
Daily Stochastic Crossing 99.38
20 Day Moving Average 98.87
Weekly Stochastic Crossing 98.77
Parabolic System 98.64
Lower Bollinger Band 98.31
Weekly Trendline Support 97.39
Yearly Trendline Support 80.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 101.22
High Date 03/13/2024
Low 97.89
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 100.38
Support 97.39
High 102.77
High Date 12/27/2023
Low 97.89
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 100.00
Support 100.45
Low 96.42
Low Date 10/03/2023
High 102.77
High Date 12/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 101.90
Support 101.21
Low 88.39
Low Date 09/27/2022
High 103.84
High Date 07/17/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 110.43
Support 80.54
High 120.65
High Date 01/25/2018
Low 88.39
Low Date 09/27/2022
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.