The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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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 Japanese Yen Trust
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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldTrend support at 86.34
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Move cursor over the icon to see details.

It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY dropped -1.15 points, or -1.31%, and closed at 86.50 on Friday, May 18, 2018. Weekly volume was -13% below average.

Long-term trend: [See FXY long-term trend chart]
A long-term uptrend had started on June 5, 2015 at 77.19 and reached 96.75 on August 18, 2016. FXY gained -19.56 points, or -25.34%, in 62 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (85.28) 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 FXY medium-term trend chart]
A medium-term uptrend had started on November 3, 2017 at 83.92 and reached 91.62 on March 23, 2018. FXY gained -7.70 points, or -9.18%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (86.34) 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 medium-term trend.

Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since April 20, 2018. Use the following link to access a MACD help.

Short-term trend: [See FXY short-term trend chart]
A short-term downtrend had started on March 23, 2018 at 91.62 and reached 86.32 on May 18, 2018. FXY lost 5.30 points, or 5.78%, in 56 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 86.15 and resistance is at 87.07. 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 FXY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 33.14
Williams' Percentage Range (W%R) 99.10
Strong Oversold
Lane's Stochastic (%D-Slow) 10.33
Oversold
Greed/Fear Indicator (GFI) 14.79
Oversold
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.45
Williams' Percentage Range (W%R) 75.90
Lane's Stochastic (%D-Slow) 9.63
Strong Oversold
Greed/Fear Indicator (GFI) 24.85
Moving Average Converg./Diverg. (MACD) 0.75
Trading Signals
Description Value Chart
Monthly Trendline Resistance 94.07
50 Day Moving Average 88.95
Upper Bollinger Band 88.55
Parabolic System 87.61
20 Day Moving Average 87.44
Weekly Trendline Resistance 87.07
Weekly Stochastic Crossing 86.66
Lower Bollinger Band 86.62
Price 86.50
Daily Stochastic Crossing 86.40
Monthly Trendline Support 86.34
Weekly Trendline Support 86.15
Yearly Trendline Support 85.28
Yearly Trendline Resistance 84.41
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.00
High Date 05/08/2018
Low 86.32
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 87.07
Support 86.15
High 91.62
High Date 03/23/2018
Low 86.32
Low Date 05/18/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 94.07
Support 86.34
Low 83.92
Low Date 11/03/2017
High 91.62
High Date 03/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.33
Low Date 01/03/2017
High 91.62
High Date 03/23/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 84.41
Support 85.28
Low 77.19
Low Date 06/05/2015
High 96.75
High Date 08/18/2016
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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