The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
CurrencyShares Canadian Dollar Trust
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Summary:
Weekly :Broken trend support lineTrend support at 75.63
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below 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 Canadian Dollar Trust (FXC). During the week, the FXC dropped -0.81 points, or -1.07%, and closed at 75.15 on Friday, August 10, 2018. It was the worst weekly loss since June 15, 2018. Weekly volume was -39% below average.

Long-term trend: [See FXC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 67.71 and reached 81.48 on September 8, 2017. FXC gained -13.77 points, or -20.34%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (75.63) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term uptrend had started on May 4, 2017 at 71.70 and reached 81.48 on September 8, 2017. FXC gained -9.78 points, or -13.64%, in 18 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (81.08) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 16, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on January 31, 2018 at 80.48 and reached 73.71 on June 27, 2018. FXC lost 6.77 points, or 8.41%, in 147 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 72.30 and resistance is at 76.73. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 price has declined below 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.

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) 53.74
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 40.52
Greed/Fear Indicator (GFI) 51.09
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.31
Williams' Percentage Range (W%R) 68.00
Lane's Stochastic (%D-Slow) 49.79
Greed/Fear Indicator (GFI) 41.84
Moving Average Converg./Diverg. (MACD) -0.58
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.98
Quarterly Trendline Support 81.08
Quarterly Trendline Resistance 79.14
Weekly Trendline Resistance 76.73
Upper Bollinger Band 76.33
Parabolic System 76.15
Yearly Trendline Support 75.63
20 Day Moving Average 75.40
Daily Stochastic Crossing 75.33
50 Day Moving Average 75.22
Price 75.15
Weekly Stochastic Crossing 74.97
Lower Bollinger Band 74.58
Weekly Trendline Support 72.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 73.71
Low Date 06/27/2018
High 76.07
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 76.73
Support 72.30
High 80.48
High Date 01/31/2018
Low 73.71
Low Date 06/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 79.14
Support 81.08
Low 71.70
Low Date 05/04/2017
High 81.48
High Date 09/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 82.98
Support 75.63
Low 67.71
Low Date 01/20/2016
High 81.48
High Date 09/08/2017
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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