The Greedy Trader Weekly Analysis
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CurrencyShares Australian Dollar Trust
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :A Parabolic SAR indicator is above and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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 -0.07 points, or -0.09%, and closed at 76.10 on Friday, December 01, 2017. Weekly volume was 19% above 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 81.00 on September 20, 2017. FXA gained -12.67 points, or -18.54%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 73.89 and resistance is at 76.84. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See FXA medium-term trend chart]
A medium-term downtrend had started on September 20, 2017 at 81.00 and reached 75.47 on November 17, 2017. FXA lost 5.53 points, or 6.83%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (74.91) 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 FXA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 29, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 17, 2017 at 75.47 and reached 76.41 on December 1, 2017. FXA gained -0.94 points, or -1.25%, in 14 days. The price is now at the 32.98% retracement level.

Daily Technical Indicators: [See FXA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 21, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (75.76) comes close to the price (76.10). 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.69
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 52.09
Greed/Fear Indicator (GFI) 38.84
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.40
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 8.53
Strong Oversold
Greed/Fear Indicator (GFI) 17.00
Oversold
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
50 Day Moving Average 77.30
Upper Bollinger Band 77.09
Quarterly Trendline Resistance 76.84
20 Day Moving Average 76.19
Price 76.10
Daily Stochastic Crossing 75.99
Parabolic System 75.76
Weekly Stochastic Crossing 75.76
Lower Bollinger Band 75.51
Weekly Trendline Support 74.91
Weekly Trendline Resistance 74.85
Quarterly Trendline Support 73.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.47
Low Date 11/17/2017
High 76.41
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 74.85
Support 74.91
High 81.00
High Date 09/20/2017
Low 75.47
Low Date 11/17/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.64
Low Date 05/24/2016
High 81.00
High Date 09/20/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 76.84
Support 73.89
Low 68.33
Low Date 01/15/2016
High 81.00
High Date 09/20/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 110.99
High Date 07/27/2011
Low 68.33
Low Date 01/15/2016
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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