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Advanced TA SearchArchive
- 6/7/2024 -
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CurrencyShares Swiss Franc Trust (FXF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF climbed 0.66 points, or 0.67%, and closed at 99.19 on Friday, June 7, 2024. Weekly volume was -56% below average.
 Long-term trend: [See FXF long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 88.08 and reached 106.75 on December 28, 2023. FXF gained -18.67 points, or -21.20%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (102.41) is broken. A broken support is considered to be a long-term bearish signal. 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 FXF medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 106.75 and reached 96.67 on May 1, 2024. FXF lost 10.08 points, or 9.44%, in 17 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See FXF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FXF short-term trend chart]
A short-term uptrend had started on May 22, 2024 at 97.16 and reached 100.08 on June 4, 2024. FXF gained -2.92 points, or -3.01%, in 13 days. The price is now at the 30.48% retracement level.
 Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 29, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (98.26) comes close to the price (99.19). 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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