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Currency Shares ETFs Technical Analysis - FXCArchive
- 6/27/2025 -
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CurrencyShares Canadian Dollar Trust (FXC) Technical Analysis
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| Summary:
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| | It was a first positive week for the CurrencyShares Canadian Dollar Trust (FXC). During the week, the FXC climbed 0.28 points, or 0.39%, and closed at 71.39 on Friday, June 27, 2025. Weekly volume was 113% above average.
 Long-term trend: [See FXC long-term trend chart]
A long-term downtrend had started on July 13, 2023 at 74.64 and reached 66.52 on February 3, 2025. FXC lost 8.12 points, or 10.88%, in 81 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 65.30 and resistance is at 73.12. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FXC medium-term trend chart]
A medium-term uptrend had started on February 3, 2025 at 66.52 and reached 72.21 on June 16, 2025. FXC gained -5.69 points, or -8.55%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 71.28 and resistance is at 72.42. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FXC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 weekly MACD line is above its signal line since February 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See FXC short-term trend chart]
A short-term downtrend had started on June 16, 2025 at 72.21 and reached 70.93 on June 23, 2025. FXC lost 1.28 points, or 1.77%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FXC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 17, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (71.79) comes close to the price (71.39). 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 moved above the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. 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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