The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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CurrencyShares Swiss Franc Trust
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe 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 CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF dropped -1.63 points, or -1.69%, and closed at 95.08 on Friday, December 08, 2017. It was the worst weekly loss since July 28, 2017. Weekly volume was -40% below average.

Long-term trend: [See FXF long-term trend chart]
A long-term downtrend had started on January 16, 2015 at 115.42 and reached 92.37 on January 3, 2017. FXF lost 23.05 points, or 19.97%, in 102 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (91.19) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See FXF medium-term trend chart]
A medium-term downtrend had started on July 21, 2017 at 100.46 and reached 94.20 on November 1, 2017. FXF lost 6.26 points, or 6.23%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 92.99 and resistance is at 99.48. 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 medium-term trend.

Weekly Technical Indicators: [See FXF weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 September 15, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FXF short-term trend chart]
A short-term downtrend had started on August 29, 2017 at 100.19 and reached 94.20 on November 1, 2017. FXF lost 5.99 points, or 5.98%, in 64 days. The price is now at the 14.69% retracement level.

Daily Technical Indicators: [See FXF 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.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 45.47
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 10.78
Oversold
Greed/Fear Indicator (GFI) 21.73
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.00
Williams' Percentage Range (W%R) 88.20
Oversold
Lane's Stochastic (%D-Slow) 31.27
Greed/Fear Indicator (GFI) 28.26
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 99.48
Upper Bollinger Band 96.65
Parabolic System 96.61
50 Day Moving Average 95.81
20 Day Moving Average 95.61
Weekly Stochastic Crossing 95.36
Price 95.08
Daily Stochastic Crossing 95.04
Lower Bollinger Band 94.54
Weekly Trendline Support 92.99
Quarterly Trendline Support 91.19
Quarterly Trendline Resistance 83.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 100.19
High Date 08/29/2017
Low 94.20
Low Date 11/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 99.48
Support 92.99
High 100.46
High Date 07/21/2017
Low 94.20
Low Date 11/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.37
Low Date 01/03/2017
High 100.46
High Date 07/21/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 83.73
Support 91.19
High 115.42
High Date 01/16/2015
Low 92.37
Low Date 01/03/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.91
High Date 08/09/2011
Low 92.37
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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