The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Pennant
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

CurrencyShares Japanese Yen Trust
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldA Parabolic SAR indicator is below and near the price
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 -0.44 points, or -0.52%, and closed at 83.99 on Friday, November 09, 2018. Weekly volume was -12% below average.

Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on October 28, 2011 at 130.22 and reached 77.19 on June 5, 2015. FXY lost 53.03 points, or 40.72%, in 188 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 86.20 and resistance is at 81.18. 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 uptrend had started on January 3, 2017 at 81.33 and reached 91.62 on March 23, 2018. FXY gained -10.29 points, or -12.65%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (9.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 20, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FXY short-term trend chart]
A short-term downtrend had started on October 26, 2018 at 85.63 and reached 83.83 on November 8, 2018. FXY lost 1.80 points, or 2.10%, in 13 days. The price is now at the 8.89% retracement level.

Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since November 1, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (84.68) comes close to the price (83.99). 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) 40.58
Williams' Percentage Range (W%R) 97.80
Strong Oversold
Lane's Stochastic (%D-Slow) 6.10
Strong Oversold
Greed/Fear Indicator (GFI) 16.30
Oversold
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.21
Williams' Percentage Range (W%R) 91.70
Strong Oversold
Lane's Stochastic (%D-Slow) 40.72
Bullish
Greed/Fear Indicator (GFI) 30.54
Moving Average Converg./Diverg. (MACD) -0.60 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Support 86.20
Upper Bollinger Band 85.51
50 Day Moving Average 84.93
20 Day Moving Average 84.77
Parabolic System 84.68
Weekly Stochastic Crossing 84.38
Price 83.99
Daily Stochastic Crossing 83.88
Lower Bollinger Band 83.67
Yearly Trendline Resistance 81.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 85.63
High Date 10/26/2018
Low 83.83
Low Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.88
High Date 08/20/2018
Low 83.54
Low Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.62
High Date 03/23/2018
Low 83.54
Low Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 10.91
Support 9.80
Low 81.33
Low Date 01/03/2017
High 91.62
High Date 03/23/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Valid
Resistance 81.18
Support 86.20
High 130.22
High Date 10/28/2011
Low 77.19
Low Date 06/05/2015
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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