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
Euro Currency Trust
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Euro Currency Trust (FXE). During the week, the FXE gave back -0.82 points, or -0.74%, and closed at 110.34 on Friday, October 05, 2018. Weekly volume was -46% below average.

Long-term trend: [See FXE long-term trend chart]
A long-term uptrend had started on January 3, 2017 at 100.46 and reached 120.65 on January 25, 2018. FXE gained -20.19 points, or -20.10%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (121.86) 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. FXE 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 FXE medium-term trend chart]
A medium-term uptrend had started on August 15, 2018 at 108.32 and reached 113.14 on September 24, 2018. FXE gained -4.82 points, or -4.45%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (114.30) 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. FXE 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 FXE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 14, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See FXE short-term trend chart]
A short-term downtrend had started on September 24, 2018 at 113.14 and reached 110.07 on October 4, 2018. FXE lost 3.07 points, or 2.71%, in 10 days. The price is now at the 8.79% retracement level.

Daily Technical Indicators: [See FXE daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since September 27, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (111.16) comes close to the price (110.34). 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.

Price is close to the 50 Day Moving Average. While 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) 31.21
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 6.07
Strong Oversold
Greed/Fear Indicator (GFI) 16.01
Oversold
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.62
Williams' Percentage Range (W%R) 60.40
Lane's Stochastic (%D-Slow) 68.26
Greed/Fear Indicator (GFI) 51.40
Moving Average Converg./Diverg. (MACD) -1.05
Trading Signals
Description Value Chart
Yearly Trendline Resistance 130.08
Yearly Trendline Support 121.86
Monthly Trendline Support 114.30
Monthly Trendline Resistance 113.50
Upper Bollinger Band 112.86
Weekly Stochastic Crossing 111.70
20 Day Moving Average 111.53
Parabolic System 111.16
50 Day Moving Average 111.14
Price 110.34
Daily Stochastic Crossing 110.25
Lower Bollinger Band 109.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.14
High Date 09/24/2018
Low 110.07
Low Date 10/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.14
High Date 09/24/2018
Low 110.07
Low Date 10/04/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 113.50
Support 114.30
Low 108.32
Low Date 08/15/2018
High 113.14
High Date 09/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.65
High Date 01/25/2018
Low 108.32
Low Date 08/15/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 130.08
Support 121.86
Low 100.46
Low Date 01/03/2017
High 120.65
High Date 01/25/2018
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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