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CurrencyShares Swiss Franc Trust
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|It was the negative week for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF gave back -0.05 points, or -0.05%, and closed at 94.70 on Friday, July 06, 2018. Weekly volume was -67% below average. |
Long-term trend: [See FXF long-term trend chart]
A long-term downtrend had started on August 9, 2011 at 139.91 and reached 92.37 on January 3, 2017. FXF lost 47.54 points, or 33.98%, in 282 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (89.98) 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 uptrend had started on January 3, 2017 at 92.37 and reached 102.27 on February 15, 2018. FXF gained -9.90 points, or -10.72%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (96.40) 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 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. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 29, 2018. Use the following link to access a MACD help.
Short-term trend: [See FXF short-term trend chart]
A short-term uptrend had started on May 9, 2018 at 93.42 and reached 95.85 on June 7, 2018. FXF gained -2.43 points, or -2.60%, in 29 days. The chart has formed a Falling Pennant chart pattern. The trend support level is at 94.44 and resistance is at 94.73. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a short-term trend.
Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (93.91) comes close to the price (94.70). 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 distance between the Bollinger Bands (1.73%) is close to one year low (1.69%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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. 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.