The Greedy Trader Weekly Analysis
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Number of records: 6
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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 lineBroken trend support line
Daily :Williams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergenceThe price touches the lower Bollinger Band
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 gave back -0.53 points, or -0.70%, and closed at 74.77 on Friday, November 09, 2018. Weekly volume was -63% 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 uptrend support line (76.41) 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. FXC 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 long-term trend.

Medium-term trend: [See FXC medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 81.48 and reached 73.71 on June 27, 2018. FXC lost 7.77 points, or 9.54%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The downtrend support line (124.69) 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 FXC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 10, 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 October 1, 2018 at 77.14 and reached 74.57 on November 9, 2018. FXC lost 2.57 points, or 3.33%, in 39 days. The price is now at the 7.78% retracement level.

Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD 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 daily MACD line is below its signal line since October 5, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price touches the lower Bollinger Band. 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) 38.53
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 31.95
Bullish
Greed/Fear Indicator (GFI) 27.36
Moving Average Converg./Diverg. (MACD) -0.19 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.62
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 34.62
Greed/Fear Indicator (GFI) 38.41
Moving Average Converg./Diverg. (MACD) -0.27
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.40
Yearly Trendline Support 76.41
Upper Bollinger Band 76.02
50 Day Moving Average 75.67
Parabolic System 75.52
Weekly Stochastic Crossing 75.36
20 Day Moving Average 75.36
Daily Stochastic Crossing 74.86
Price 74.77
Lower Bollinger Band 74.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.48
High Date 11/07/2018
Low 74.57
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.14
High Date 10/01/2018
Low 74.57
Low Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.71
Low Date 06/27/2018
High 77.14
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Channel
Status Broken Support
Resistance 129.66
Support 124.69
High 81.48
High Date 09/08/2017
Low 73.71
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 83.40
Support 76.41
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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