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 Japanese Yen Trust
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceA Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY climbed 0.28 points, or 0.33%, and closed at 86.32 on Friday, August 10, 2018. Weekly volume was -51% 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 (85.92) 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 downtrend had started on March 23, 2018 at 91.62 and reached 84.63 on July 19, 2018. FXY lost 6.99 points, or 7.63%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (84.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FXY may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FXY short-term trend chart]
A short-term uptrend had started on July 19, 2018 at 84.63 and reached 86.54 on August 10, 2018. FXY gained -1.91 points, or -2.26%, in 22 days. The price is now at the 11.52% retracement level.

Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since July 20, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (85.93) comes close to the price (86.32). 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 58.05
Williams' Percentage Range (W%R) 11.50
Overbought
Lane's Stochastic (%D-Slow) 66.81
Greed/Fear Indicator (GFI) 71.12
Moving Average Converg./Diverg. (MACD) -0.12 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.41
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 26.66
Greed/Fear Indicator (GFI) 33.08
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Upper Bollinger Band 86.90
Price 86.32
50 Day Moving Average 86.31
Daily Stochastic Crossing 86.23
Parabolic System 85.93
Yearly Trendline Support 85.92
20 Day Moving Average 85.78
Weekly Stochastic Crossing 85.57
Lower Bollinger Band 85.06
Weekly Trendline Resistance 85.05
Weekly Trendline Support 84.06
Yearly Trendline Resistance 82.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.63
Low Date 07/19/2018
High 86.54
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 85.05
Support 84.06
High 91.62
High Date 03/23/2018
Low 84.63
Low Date 07/19/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 82.78
Support 85.92
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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