CurrencyShares Japanese Yen Trust
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|It was the negative week for the CurrencyShares Japanese Yen Trust (FXY). During the week, the FXY gave back -0.44 points, or -0.52%, and closed at 83.99 on Friday, November 09, 2018. Weekly volume was -12% below average. |
Long-term trend: [See FXY long-term trend chart]
A long-term downtrend had started on October 28, 2011 at 130.22 and reached 77.19 on June 5, 2015. FXY lost 53.03 points, or 40.72%, in 188 weeks. The chart has formed a Falling Pennant chart pattern. The trend support level is at 86.20 and resistance is at 81.18. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.
Medium-term trend: [See FXY medium-term trend chart]
A medium-term uptrend had started on January 3, 2017 at 81.33 and reached 91.62 on March 23, 2018. FXY gained -10.29 points, or -12.65%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (9.80) 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 medium-term trend.
Weekly Technical Indicators: [See FXY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 weekly MACD line is below its signal line since April 20, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 October 26, 2018 at 85.63 and reached 83.83 on November 8, 2018. FXY lost 1.80 points, or 2.10%, in 13 days. The price is now at the 8.89% retracement level.
Daily Technical Indicators: [See FXY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since November 1, 2018. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (84.68) comes close to the price (83.99). 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.