The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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CurrencyShares Japanese Yen Trust
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.37 points, or -0.43%, and closed at 85.66 on Friday, December 01, 2017. It was the worst weekly loss since October 20, 2017. Weekly volume was 86% above average.

Long-term trend: [See FXY long-term trend chart]
A long-term uptrend had started on June 5, 2015 at 77.19 and reached 96.75 on August 18, 2016. FXY gained -19.56 points, or -25.34%, in 62 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 83.73 and resistance is at 87.64. 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 long-term trend.

Medium-term trend: [See FXY medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 89.29 and reached 83.92 on November 3, 2017. FXY lost 5.37 points, or 6.01%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (83.17) 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 medium-term trend.

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

The weekly MACD line is below its signal line since September 22, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on November 3, 2017 at 83.92 and reached 86.60 on November 27, 2017. FXY gained -2.68 points, or -3.19%, in 24 days. The price is now at the 35.07% retracement level.

Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 6, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 58.74
Williams' Percentage Range (W%R) 53.00
Lane's Stochastic (%D-Slow) 52.64
Greed/Fear Indicator (GFI) 52.80
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.75
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 36.21
Greed/Fear Indicator (GFI) 33.95
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Yearly Trendline Resistance 87.64
Upper Bollinger Band 86.78
Parabolic System 86.65
Price 85.66
Daily Stochastic Crossing 85.62
20 Day Moving Average 85.16
50 Day Moving Average 85.13
Weekly Stochastic Crossing 85.09
Lower Bollinger Band 83.93
Yearly Trendline Support 83.73
Monthly Trendline Support 83.17
Monthly Trendline Resistance 81.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.60
High Date 11/27/2017
Low 84.88
Low Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.92
Low Date 11/03/2017
High 86.60
High Date 11/27/2017
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 81.85
Support 83.17
High 89.29
High Date 09/08/2017
Low 83.92
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.75
High Date 08/18/2016
Low 81.33
Low Date 01/03/2017
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Valid
Resistance 87.64
Support 83.73
Low 77.19
Low Date 06/05/2015
High 96.75
High Date 08/18/2016
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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