The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the CurrencyShares Australian Dollar Trust (FXA). During the week, the FXA dropped -1.28 points, or -1.61%, and closed at 77.99 on Friday, February 09, 2018. Weekly volume was -21% 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 chart has formed a Rising Pennant chart pattern. The uptrend resistance line (75.11) 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 long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term uptrend had started on December 8, 2017 at 75.03 and reached 81.36 on January 26, 2018. FXA gained -6.33 points, or -8.44%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (82.19) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXA may retest the broken support line. It is considered to be a resistance line now. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FXA short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 81.36 and reached 77.72 on February 9, 2018. FXA lost 3.64 points, or 4.47%, in 14 days. The price is now at the 7.42% retracement level.

Daily Technical Indicators: [See FXA 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 32.19
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 4.29
Strong Oversold
Greed/Fear Indicator (GFI) 15.27
Oversold
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.18
Williams' Percentage Range (W%R) 52.10
Lane's Stochastic (%D-Slow) 84.57
Overbought
Greed/Fear Indicator (GFI) 62.53
Moving Average Converg./Diverg. (MACD) 0.25
Trading Signals
Description Value Chart
Monthly Trendline Resistance 82.51
Monthly Trendline Support 82.19
Upper Bollinger Band 81.12
Weekly Stochastic Crossing 80.42
20 Day Moving Average 79.74
Parabolic System 79.54
50 Day Moving Average 78.08
Price 77.99
Daily Stochastic Crossing 77.90
Lower Bollinger Band 77.18
Yearly Trendline Resistance 76.67
Yearly Trendline Support 75.11
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.36
High Date 01/26/2018
Low 77.72
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.36
High Date 01/26/2018
Low 77.72
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 82.51
Support 82.19
Low 75.03
Low Date 12/08/2017
High 81.36
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.64
Low Date 05/24/2016
High 81.36
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 76.67
Support 75.11
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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