The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend support lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :A Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA gave back -0.28 points, or -0.37%, and closed at 75.12 on Friday, May 18, 2018. Weekly volume was -37% below average.

Long-term trend: [See FXA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 68.33 and reached 81.36 on January 26, 2018. FXA gained -13.03 points, or -19.07%, in 106 weeks. The price is now at the 47.89% retracement level.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 81.36 and reached 74.35 on May 8, 2018. FXA lost 7.01 points, or 8.62%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (75.35) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See FXA weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly 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 weekly MACD line is below its signal line since March 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term uptrend had started on May 8, 2018 at 74.35 and reached 75.61 on May 14, 2018. FXA gained -1.26 points, or -1.69%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See FXA 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 (74.77) comes close to the price (75.12). 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) 47.30
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 57.66
Greed/Fear Indicator (GFI) 45.18
Moving Average Converg./Diverg. (MACD) -0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.69
Williams' Percentage Range (W%R) 91.00
Strong Oversold
Lane's Stochastic (%D-Slow) 14.83
Oversold
Greed/Fear Indicator (GFI) 21.58
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 77.30
50 Day Moving Average 76.56
Upper Bollinger Band 76.37
Quarterly Trendline Support 75.35
20 Day Moving Average 75.27
Price 75.12
Daily Stochastic Crossing 75.10
Parabolic System 74.77
Weekly Stochastic Crossing 74.72
Lower Bollinger Band 74.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.50
Low Date 05/15/2018
High 75.23
High Date 05/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.35
Low Date 05/08/2018
High 75.61
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.01
High Date 04/18/2018
Low 74.35
Low Date 05/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 77.30
Support 75.35
High 81.36
High Date 01/26/2018
Low 74.35
Low Date 05/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.33
Low Date 01/15/2016
High 81.36
High Date 01/26/2018
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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